Bitcoin Price Prediction: $BTC Aiming for a Target of 120,000 USD After the Current Consolidation

Bitcoin trades at nearly 105,000 dollars in June 2025 after a record high of 112,000 dollars in May. However, technical indicators suggest that the price will rise to 120,000 dollars in the coming weeks. The Bitcoin price remains steady above the 100,000 dollar level. The price of Bitcoin in dollars remained stable at the beginning of June 2025, trading around 104,000-105,000 dollars after reaching an all-time high of nearly 112,000 dollars in May. The world's largest cryptocurrency has maintained its position above the important psychological support level of 100,000 dollars for more than 20 consecutive days, demonstrating strong market confidence and institutional support.

The current price of bitcoin in dollars reflects a healthy consolidation phase after the strong price surge that saw the price skyrocket from previous highs. The market capitalization reached 2.06 trillion dollars, with bitcoin's dominance at 63.28%, highlighting its continuous leading position in the cryptocurrency space. Daily trading volume fluctuates between 46-63 billion dollars, indicating ongoing interest from institutions and retail investors. Price prediction for Bitcoin targets $120,000. Technical indicators suggest that the price of Bitcoin could reach $120,000 in the near future if the key resistance levels are broken. This cryptocurrency maintains a bullish configuration above the 50-day EMA at $100,852 and the 200-day EMA at $96,559, with the RSI at 42.80 indicating neutral momentum conditions. The main support levels for the dollar bitcoin price include $100,000 (mức lý) center and $98,000 (mức thuật) technical support, while resistance is located at $108,000 (ngay tức) and $112,000 (mức pre-đó) high. The Fear & Greed Index at 69 (Tham lam) reflects bullish market sentiment, although traders should keep an eye out for the possibility of volatility around these important levels. Institutional acceptance drives predictions of Bitcoin's price rising to $250,000. Wall Street analysts have significantly upgraded their price forecasts for Bitcoin in dollars for 2025, with most targets ranging from $150,000 to $250,000 by the end of the year. Standard Chartered has raised their forecast to $250,000, while Bernstein has increased their target to $200,000 from $150,000. Tom Lee of Fundstrat maintains a range of $150,000 to $250,000, citing the continued adoption by institutions as the main driver. The prospect of Bitcoin price increase stems from unprecedented institutional adoption, with 61 corporate treasuries currently holding 3.2% of the total Bitcoin supply. Bitcoin ETFs have attracted over $110 billion in assets under management, accounting for 5.97% of Bitcoin's market capitalization. This institutional infrastructure provides essential support for higher Bitcoin prices in dollar terms. The risk factors that may affect the price trajectory of Bitcoin in dollars Despite the fundamental factors rising in price, some elements may affect the price trajectory of Bitcoin in dollars. Analysts from Standard Chartered warn that the company's Bitcoin treasury bonds could become forced sellers if the price drops more than 22% from the average purchase price, potentially causing downward pressure near the $90,000 level. The recent political tension between Trump and Musk has caused a 4% fluctuation in the price of bitcoin in dollars, indicating sensitivity to regulatory and political developments. Additionally, macroeconomic factors including the Federal Reserve's policy decisions and international trade developments continue to affect institutional investment flows.