Bitcoin ($BTC) keeps showing strength in line with the latest market data. Bitcoin bull run is valid as it has maintained a price above $109k support. At present, Bitcoin’s ($BTC) price is moving within the $109K-$124K range. As per the data from Askels Kiber, CMT, a prominent crypto analyst, while holding about the $109K mark, Bitcoin presents a significantly optimistic outlook. Hence, this could pave the way for a likely continuation toward the price target of $141,300.

$BTCUSD Holding above 109K. Range: 109K-124K pic.twitter.com/E9Ldo7gL39

— Aksel Kibar, CMT (@TechCharts) October 26, 2025

Bitcoin Price Stands Strong above $109 and Below $124K

Based on the new market statistics, the flagship crypto asset’s current price range is $109K-$124K. Keeping this in view, Bitcoin’s ($BTC) position above $109K indicates a robust momentum and potential for notable growth ahead. The current price movement presents a head and shoulders (H&S) continuation pattern, while the leading cryptocurrency is targeting $141,300 as the projected price.

Additionally, the historical H&S continuation patterns reveal massive breakouts after the consolidation patterns. In the same vein, amid the current cycle, the market onlookers are anticipating a notable breakout. Particularly, after the previous neckline of $98.2K, Bitcoin has been maintaining a gradual upward trajectory with some fluctuations.

At the moment, the price of Bitcoin ($BTC) is hovering around $113,619.70, presenting a 2.08% increase over the past 24 hours. Additionally, when it comes to 7-day price performance, Bitcoin accounts for a substantial 4.33% rise. Moreover, with a 3.91% monthly price rise, Bitcoin ($BTC) is getting ready for the next rally. At the same time, the market capitalization thereof also displays a 2.14% spike while sitting at the $2.26T spot.

Breakout above Resistance Level of $124K Could Drive $BTC to Price Target of $141,300

According to Aksel Kiber, CMT, while expressing a robust technical outlook above $109K, Bitcoin’s price movement within the $109K-$124K range could soon result in a breakout. Analogous to the previous breakouts after the consolidation phases during the H&S patterns, the analysts project $141,300 as the potential price target for the upcoming price rally. Therefore, as soon as Bitcoin surges above $124K as, it is posing significant resistance, it could mark a new milestone.