Analysis: Bitcoin may "healthily adjust" around $106,000, institutions are bullish on the future
This article is machine translated
Show original
Derive founder Nick Forster said that after Bitcoin recently surged to $111,970, it has entered a consolidation phase, currently oscillating around $106,000, which will provide space for the market to "digest gains" and prepare for a new round of increases. He believes this is a "healthy adjustment" and not a bearish signal. Forster noted that the U.S. International Trade Court's rejection of Trump's tariff decision has eased inflation concerns, and the Federal Reserve's interest rate decision on June 18 will be crucial. Additionally, although BlackRock's Bitcoin ETF had net inflows of over $6.2 billion in May, the price has not fully reflected this, and institutional exposure continues to expand. Researcher Sminston With predicts that BTC's cycle peak could reach $220,000 to $330,000; trader Apsk32 believes the 2025 target is $220,000. Although Q3 has historically been weak, Forster said 2025 might see a "surprising performance" due to favorable regulations and continued institutional entry. (Cointelegraph)
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content