Looking at Bitcoin from a broader perspective on the weekly chart, it appears that the positive momentum that started in 2023 is continuing in a healthy manner. Since May, Bitcoin has stabilized above the key psychological level of $100,000 and is now approaching the midpoint of its long-term ascending channel.

If Bitcoin can close above the $125,400 level on a weekly basis, it may open the door for a move towards the $150,000 area. Beyond that, the next medium-term target is between $200,000 and $230,000 - the upper limit of the channel. Based on previous bullish cycles, the long-term technical target may reach $310,000 within the next year or more.