Bitcoin Targets $150,000 by Q1 2026 — $123,215 Breakout Is Key

I see Bitcoin aiming for a short-term breakout above $123,215 and a medium-term push toward $150,000 by Q1 2026. The thesis rests on continued bullish technical momentum despite the recent 4.27% pullback.

Price action suggests buyers remain in control, but momentum needs confirmation above the $123,215 level to validate the next leg higher. The pullback offers a clearer entry zone rather than an immediate runaway rally.

I will size positions conservatively and wait for a decisive close above the breakout level or a measured dip that aligns with my risk plan before adding more exposure.