Can Bitcoin Price Bounce To $120,000 Or Will It Break Below $100,000?

Crypto analyst Decode predicts that Bitcoin will drop below $100,000 before rallying to a new all-time high of $120,000. According to his analysis, Bitcoin could fall to as low as $96,500 this month before rallying above $120,500 by the end of July. Veteran trader Peter Brandt also predicts that Bitcoin could reach as high as $150,000 by late summer. Meanwhile, crypto analyst KillaXBT predicts that Bitcoin could hit its target by mid-June, coinciding with the June FOMC meeting. A Fed rate cut could serve as the catalyst for a parabolic rally, but market participants aren't expecting a rate cut. US President Donald Trump has urged the Fed to cut rates by a full point, which could lead to a massive pump in Bitcoin's price. Crypto analyst Titan of Crypto suggests that a breakout could be imminent for Bitcoin, with a potential target of $107,500 and $109,500 zones. Crypto analyst Kevin Capital notes that Bitcoin's rebound back to the $105,000 zone won't matter until it breaks above the $106,800 level. Bitcoin is currently trading at around $105,000, up over 2% in the last 24 hours. Overall, analysts are predicting a significant price movement for Bitcoin in the coming weeks.