Odaily Planet Daily News - Derive founder Nick Forster said that Bitcoin has entered a consolidation phase after soaring to $111970 recently, and the current price is fluctuating around $106000, which will provide space for the market to "digest profits" and prepare for a new round of rise. He believes this is a 'healthy adjustment', not a bearish signal.
Forster pointed out that the US International Trade Court rejected Trump's tariff decision, easing inflation concerns, and the Federal Reserve's interest rate decision on June 18th will be crucial. In addition, although the net inflow of BlackRock's Bitcoin ETF exceeded $6.2 billion in May, the price has not fully reflected it, and institutional exposure is still expanding.
Researcher Sminston predicts that the BTC cycle peak could reach $220000 to $330000; Trader Apsk32 believes that the target for 2025 is $220000. Although Q3 has always been weak, Forster said that in 2025, there may be a "surprise performance" due to favorable regulatory conditions and continued entry of institutions. （Cointelegraph）
