As of June 20, 2025, Bitcoin (BTC) is consolidating around the $104,700 mark, showing minimal movement in the past 24 hours. Despite this recent sideways trading, its market capitalization remains robust at approximately $2.077 trillion.
The market is watching for a decisive move, with analysts suggesting that a break above the current consolidation range, which has been between $102,000 and $112,000 since May, could lead to targets of $130,000-$135,000 by Q3 2025. This optimism is largely fueled by the continued impact of the April 2024 halving, which limits new supply, and strong institutional adoption, particularly through spot Bitcoin ETFs. While the overall crypto market shows mixed sentiment today, Bitcoin's long-term outlook is still considered bullish by many experts, with some even forecasting $200,000 by year-end.
