Bitcoin Price Analysts Predict Potential Drop Below $100,000 or Rally to $120,000
The Bitcoin price remains stable after reaching an all-time high of $111,900 in May. Analysts provide varying predictions for its next moves.
Price Predictions
- Analyst Decode forecasts a drop to $96,500 before a rally to $120,000 by the end of July.
- Veteran trader Peter Brandt suggests BTC could reach $150,000 by late summer.
- KillaXBT anticipates the price might hit $120,000 by mid-June, potentially spurred by a Fed rate cut.
- Current CME FedWatch data indicates a 97.4% chance that interest rates will remain unchanged.
- US President Donald Trump recently called for a one-point rate cut.
Potential Breakout Signals
- Titan of Crypto identifies a bullish reversal pattern within a falling wedge, suggesting a breakout targeting $107,500 and $109,500.
- Kevin Capital notes a V-shaped recovery but emphasizes that BTC needs to break above $106,800 for confirmation.
Currently, Bitcoin is trading around $105,000, reflecting a 2% increase over the past 24 hours.
