This week, Bitcoin (BTC) failed to break through the key level of 119 on the weekly chart, indicating that the recent upward momentum may have come to an end. Market analysts expect that in the next one to two weeks, the price of Bitcoin may enter a period of consolidation, and may even show a downward trend.

In this case, investors may turn their attention to the price range of $100,000 to $70,000 as a potential layout opportunity. However, if Bitcoin can break through and stabilize at the current resistance level in the future, we may see a continued oscillating upward trend, which may then accelerate the pump.

Some market observers believe that if this happens, the price of Bitcoin is expected to reach a new high of $140,000. However, considering the high volatility of the cryptocurrency market, investors should remain cautious and closely monitor market trends and various influencing factors.

It is worth noting that although there may be adjustments in the short term, in the long run, Bitcoin is still attracting the attention of institutional and individual investors. Market participants should weigh the risks and develop a reasonable investment strategy to cope with various market scenarios that may arise.