Bitcoin Price Prediction: BTC Trend Reversal Sparks Bullish Targets Toward $123K

BTC recently broke out of its downtrend, retested key support, and is now consolidating — a pattern that often precedes strong upside moves.

According to a recent TradingView analysis, Bitcoin BTC completed a breakout above its prior resistance and successfully retested the $115,000 zone as new support. This “breakout + retest” structure is considered a textbook bullish signal in technical analysis, often confirming a shift from bearish to bullish momentum.

Bitcoin has confirmed a trend reversal with a breakout, retest, and consolidation, now targeting $117K, $119K, and $123K resistance levels. Source: allinonecrypto_app on TradingView

The analysis suggests the bullish thesis remains valid as long as BTC price stays above $115,000. A daily candle close below this level would invalidate the setup and could trigger a deeper correction.

With the reversal confirmed, upside targets have been projected at $117,200, $119,400, and $123,000. These levels coincide with previous resistance zones that traders will likely watch closely for potential profit-taking.

Bitcoin price predictions indicate heightened volatility next week, with a potential for sharp moves before the end of September. Source: Anup Dhungana via X

If buying pressure continues, Bitcoin price prediction models suggest a push toward the $120K–$123K range could materialize in the coming weeks. However, traders are advised to monitor volume and order book data for confirmation, as weak buying activity may increase the risk of a pullback.

Beyond technical indicators, the broader economic backdrop is playing a crucial role in shaping Bitcoin price news today. The Federal Open Market Committee (FOMC) is set to meet on September 17, 2025, with markets widely expecting a 25-basis-point rate cut. A Reuters poll indicates that 61% of economists expect Chair Jerome Powell to maintain focus on inflation risks despite cooling labor market data — August saw 2.9% inflation and 4.3% unemployment.

BTC holds strong liquidity between $108K–$112K, but next week’s FOMC meeting and Powell’s stance on inflation could trigger a liquidity sweep to the downside. Source: Ted via X

This decision could create volatility for BTC today, as rate cuts historically impact liquidity and risk appetite in crypto markets. A sharp move through Bitcoin’s $108K–$112K liquidity zone remains possible if sentiment turns risk-off.

Market analysts remain highly optimistic, citing a bullish engulfing candlestick formation that could appear in September. A 2023 Journal of Financial Markets study found this pattern had a 68% success rate in confirming major reversals when supported by high trading volume.

Bitcoin (BTC) was trading at around $115,928, up 0.89% in the last 24 hours at press time. Source: Bitcoin Price via Brave New Coin

Standard Chartered recently reiterated its forecast for more aggressive rate cuts, and Bitcoin’s market cap surged by $110 billion as BTC climbed to $116,000 on September 12, 2025. If momentum continues, Bitcoin predictions point to the possibility of retesting its all-time high and even approaching ambitious long-term targets — with some projecting $1 million by the end of the decade.