The post BTC USD Targets $120,000 After Current Consolidation appeared on BitcoinEthereumNews.com.

Bitcoin price dollar holds strong above $100,000 Bitcoin price dollar remains resilient in early June 2025, trading around $104,000-$105,000 after reaching an all-time high near $112,000 in May. The world’s largest cryptocurrency has maintained its position above the critical $100,000 psychological support level for over 20 consecutive days, demonstrating strong market confidence and institutional backing. BTC/USD 2-hours chart – TradingView The current bitcoin price dollar reflects a healthy consolidation phase following the dramatic rally that saw prices surge from previous highs. Market capitalization stands at $2.06 trillion, with bitcoin dominance at 63.28%, highlighting its continued leadership in the cryptocurrency space. Daily trading volumes range between $46-63 billion, indicating sustained institutional and retail interest. Bitcoin Price Prediction targets $120,000 Technical indicators suggest the bitcoin price dollar could target $120,000 in the near term if key resistance levels are broken. The cryptocurrency maintains a bullish configuration above its 50-day EMA at $100,852 and 200-day EMA at $96,559, with the RSI at 42.80 indicating neutral momentum conditions. Key support levels for the bitcoin price dollar include $100,000 (psychological level) and $98,000 (technical support), while resistance sits at $108,000 (immediate) and $112,000 (previous high). The Fear & Greed Index at 69 (Greed) reflects optimistic market sentiment, though traders should monitor for potential volatility around these critical levels. Institutional adoption drives bitcoin price dollar predictions to $250,000 Wall Street analysts have significantly upgraded their bitcoin price dollar forecasts for 2025, with most targets ranging from $150,000 to $250,000 by year-end. Standard Chartered increased their projection to $250,000, while Bernstein raised their target to $200,000 from $150,000. Fundstrat’s Tom Lee maintains a range of $150,000-$250,000, citing continued institutional adoption as the primary driver.  The bullish bitcoin price dollar outlook stems from unprecedented institutional adoption, with 61 corporate treasuries now holding 3.2% of total Bitcoin supply. Bitcoin…

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Filed under: News - @ June 6, 2025 12:26 pm