Odaily News Nick Forster, founder of Derive, said that Bitcoin has entered a consolidation phase after its recent surge to $111,970. The current price fluctuations around $106,000 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 pointed out that the U.S. International Trade Court rejected Trump's tariff decision, easing inflation concerns, and the Federal Reserve's interest rate decision on June 18 will be key. In addition, although BlackRock's Bitcoin ETF had a net inflow of more than $6.2 billion in May, the price has not yet fully reflected it, and institutional exposure is still expanding.
Researcher Sminston With predicts that the BTC cycle peak can reach $220,000 to $330,000; trader Apsk32 believes that the target for 2025 is $220,000. Although Q3 has always been weak, Forster said that 2025 may usher in a "surprise performance" due to favorable regulations and continued entry of institutions. (Cointelegraph)