$BTC the price of Bitcoin (BTC) remains in a range around $103,000 - $106,000, after reaching an all-time high close to $112,000 in May. The general sentiment among experts is one of cautious optimism.

Factors such as robust institutional interest, evidenced by inflows into Bitcoin ETFs, and expectations of a more "dovish" monetary policy from the Federal Reserve (with possible rate cuts), are boosting confidence. Some analysts from Bitfinex and Tom Lee from Fundstrat even project that BTC could reach $120,000-$125,000 in June, with more ambitious forecasts of $150,000-$250,000 by the end of 2025.

However, risks persist. The inherent volatility of the cryptocurrency market, geopolitical tensions, and potential regulatory shocks or large institutional sell-offs could lead to fluctuations. Key support levels to watch are $103,600 and the psychological threshold of $100,000. A break below this last level could indicate a deeper correction.

In summary, experts see greater upside potential than downside in the medium term, but emphasize the importance of risk management and constant monitoring of ETF flows and macroeconomic announcements.