Can Bitcoin Price Bounce To $120,000 Or Will It Break Below $100,000? 📈
The Bitcoin price remains stable after hitting an all-time high of $111,900, with analysts predicting potential movements. Decode, a crypto analyst, suggests BTC may drop below $100,000 before reaching a new ATH of $120,000, potentially falling to $96,500 this month.
Veteran trader Peter Brandt sees BTC reaching $150,000 by late summer, while analyst KillaXBT targets $120,000 by mid-June, coinciding with the FOMC meeting. A Fed rate cut—advocated by President Trump—could fuel the rally.
Analysts identify bullish patterns, like a 4-hour falling wedge, indicating potential breakouts to $107,500 and $109,500. Bitcoin's V-shape recovery requires breaking the $106,800 resistance level for further momentum.
Source: www.newsbtc.com ↗
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