COINOTAG recommends • Exchange signup Trade with pro tools Fast execution, robust charts, clean risk controls. Open account → Bitcoin price is attempting to flip $123,000 into support; sustained weekly closes above this level could trigger a 20–30% rally toward $130K–$133K. Strong on‑chain indicators—99.4% of supply in profit—and rising exchange activity underpin bullish momentum in the near term. Bitcoin aims to flip $123K to support to set the stage for a 20–30% rally. On‑chain metrics show 99.4% of BTC supply in profit, indicating broad holder gains. Analyst targets cluster at $130K–$133K as retail and institutional activity rises; 24h volume exceeded $70.9B. Bitcoin price: BTC attempts to flip $123K into support, signaling a possible 20–30% rally. Read on-chain data, analyst targets, and key levels. Watch developments. Bitcoin attempts to flip $123K into support as analysts project a 20–30% rally, backed by strong on-chain data and rising activity. By COINOTAG | Published: October 7, 2025 | Updated: October 7, 2025 How is Bitcoin price attempting to flip $123K into support? Bitcoin price is testing its prior ATH region near $123,000 and forming higher lows, with traders watching for multiple weekly closes above that level. Technical momentum and on‑chain strength suggest that holding $123K would increase the probability of a 20–30% rally toward $130K–$133K. What is the technical outlook for BTC as it tests $123K? BTC rebounded from the $121,000 support zone and consolidated around $123,000. Technical indicators show strong buying momentum and a cleared descending trendline from August–September. Analysts emphasize that a few weekly closes above $123K are needed to confirm the next bullish phase. COINOTAG recommends • Exchange signup Clear control for futures Sizing, stops, and scenario planning tools. Open futures account → $BTC is now trying to flip its previous ATH into support. I wouldn’t be surprised to see a fakeout below it, but overall a few weekly close above $123K is needed. This will set the stage for the next 20%-30% rally in the coming weeks. — BitBull (@AkaBull_) October 7, 2025 The breakout above $123,000 followed months of consolidation and repeated rejections. Market behavior indicates recovery momentum supported by stronger buying pressure and consistent liquidity inflows across major exchanges. Traders are monitoring weekly closes and order‑flow at $120K–$124K ranges for confirmation of continuation. Source: KamranAsghar (X) Market quote: Kamran Asghar: “BTC is a ticking clock. The breakout above $124,500 is the trigger for $130,000.” Recent trading indicates support near $120,800–$121,500 and upward targets around $126,000–$128,000. What on-chain data supports a potential Bitcoin rally? On‑chain data is currently aligned with bullish price structure. CryptoQuant metrics show 99.4% of circulating BTC in profit, indicating historically high realized gains for holders. This level of profitability typically coincides with elevated market participation and the potential for volatile upside moves. Which participation metrics matter most? Key metrics to monitor include active addresses, TVL in DeFi, exchange flows, and 24‑hour trading volume. DeFi TVL, active address counts, and large inflows to exchanges can collectively indicate stronger demand from both retail and institutional segments. Source: DeFiLlama DeFi TVL stands at approximately $8.952 billion, showing continued ecosystem growth. Active addresses are near 767,705, while 24‑hour trading volumes have exceeded $70.9 billion (CoinMarketCap data). These metrics reflect heightened engagement across the network. What are the key price levels and analyst targets? Analysts cite short‑term resistance between $126K and $128K and medium targets of $130K–$133K. A confirmed flip of $123K to support with follow‑through volume would increase the probability of reaching those targets. Price levels and targets Level Range / Target Significance Support test $120,800–$121,500 Immediate on‑chain support zone Flip level $123,000 Confirmation needed via weekly closes Near target $126,000–$128,000 First resistance cluster Medium target $130,000–$133,000 Analyst target area Frequently Asked Questions How likely is a 20–30% rally if $123K holds? If Bitcoin holds $123K on multiple weekly closes, probability for a 20–30% rally rises materially. Confirmation requires sustained volume and continued on‑chain strength alongside reduced liquidation risk for short positions. How can traders monitor confirmation signals? Watch for: 1) multiple weekly closes above $123K, 2) rising on‑chain inflows and active addresses, 3) strengthening exchange order books. These signals together increase confidence in breakout sustainability. Key Takeaways Support flip is pivotal : Holding $123K on weekly closes increases odds of a 20–30% rally. On‑chain strength : 99.4% of BTC supply is in profit, indicating broad holder gains. Watch volume and liquidity : Rising exchange activity and TVL suggest growing participation; monitor weekly closes and order flow. Conclusion Bitcoin price is at a critical juncture as it attempts to flip $123K into support. Front‑loaded on‑chain data and technical structure support a bullish case, but confirmation requires multiple weekly closes above $123K and sustained volume. Traders should monitor levels, on‑chain metrics, and exchange liquidity for next steps. { "@context": "https://schema.org", "@type": "NewsArticle", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://en.coinotag.com/bitcoin-flip-123k-support" }, "headline": "Bitcoin Attempts to Flip $123K into Support, Analysts Eye 20–30% Rally", "image": [ "https://en.coinotag.com/wp-content/uploads/2025/10/image-111.png" ], "datePublished": "2025-10-07T08:00:00Z", "dateModified": "2025-10-07T08:00:00Z", "author": { "@type": "Organization", "name": "COINOTAG", "url": "https://en.coinotag.com" }, "publisher": { "@type": "Organization", "name": "COINOTAG", "logo": { "@type": "ImageObject", "url": "https://en.coinotag.com/logo.png" }, "url": "https://en.coinotag.com" }, "description": "Bitcoin attempts to flip $123K into support as on-chain metrics and exchange activity point to a potential 20–30% rally; traders watch weekly closes for confirmation."} { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "How is Bitcoin price attempting to flip $123K into support?", "acceptedAnswer": { "@type": "Answer", "text": "Bitcoin is testing its prior ATH near $123,000 and forming higher lows; multiple weekly closes above this level would signal a confirmed flip and increase the chance of a 20–30% rally." } }, { "@type": "Question", "name": "What on‑chain metrics support a potential rally?", "acceptedAnswer": { "@type": "Answer", "text": "Key metrics include 99.4% of circulating supply in profit, rising active addresses, DeFi TVL near $8.952B, and elevated 24h trading volumes above $70B." } } ]} { "@context": "https://schema.org", "@type": "HowTo", "name": "How to monitor Bitcoin's flip of $123K", "description": "Step‑by‑step checklist to validate whether BTC has flipped $123K into support.", "step": [ { "@type": "HowToStep", "name": "Confirm weekly closes", "text": "Wait for at least two weekly closes above $123,000 to reduce false breakouts." }, { "@type": "HowToStep", "name": "Check on‑chain profitability", "text": "Verify that a high percentage of circulating supply remains in profit; elevated profitability supports holding momentum." }, { "@type": "HowToStep", "name": "Monitor volume and liquidity", "text": "Ensure daily trading volume and exchange order book depth rise alongside price to confirm demand." }, { "@type": "HowToStep", "name": "Watch nearby resistance", "text": "Track price reaction at $126K–$128K and evaluate strength before assuming medium targets of $130K–$133K." } ]} COINOTAG recommends • Exchange signup Smarter tools. 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