#Tradingleague
Bitcoin is currently trading around $104,500–$108,700, consolidating near its all-time high of $111,814 from last month. Analysts are mixed on the next move
Bullish Case:
A breakout above $108,000–$112,000 could target $120,000–$125,000 by late June or early July, driven by institutional inflows ($2.4B in BTC ETFs from June 9–18) and declining volatility (down 14% in 2025). Historical cycles and halving patterns suggest a potential rally to $130,000–$150,000 by August or year-end.On-chain data, like whale accumulation on Binance and a low RSI (40), indicates room for upward momentum.Posts on X reflect optimism, with some traders eyeing $150,000 based on inverse head-and-shoulders patterns and global M2 trends.
Bearish Case:
Failure to break $108,000 could lead to a drop to $100,800 or even $92,000–$81,000 if demand weakens, per CryptoQuant. Geopolitical tensions (e.g., Israel-Iran) and a neutral Fear and Greed Index (52) suggest caution.Recent selling pressure and a 3.9% market cap drop to $3.38T signal potential downside risks.
Key Levels:
Support at $104,000–$105,500; resistance at $108,000–$112,000. A symmetrical triangle pattern points to a breakout or breakdown soon.
