Bitcoin Price Set to Break Above $120,000 According to Analyst
Bitcoin's price is aligning with a bullish prediction from analyst Kaduna, who forecasts it could exceed $120,000 due to macroeconomic factors. Key points include:
- Prediction linked to a 90-day tariff suspension by US President Trump.
- Kaduna anticipates market behavior will front-run the expected price increase, suggesting a mini bull market by June 3, 2025.
- Recent analysis shows Bitcoin breaking above local resistance at $84,000 with strong volume support.
- Current trading price is $83,395, reflecting a 7.16% increase over the past week.
- Analysts suggest cautious monitoring of market volatility before making moves.
If momentum continues, Bitcoin may target the $120,000 - $125,000 range in the coming month and a half.
