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Bitcoin Price Prediction: Here’s When Bitcoin Will Hit $120K

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Bitcoin Price Prediction: Here’s When Bitcoin Will Hit $120K

Bitcoin is down today, but it’s certainly not out. With a growing number of bullish catalysts ahead, numerous experts believe the recent sell-off could mark an unmissable opportunity to buy $BTC.

This Bitcoin price prediction breaks down how far Bitcoin could go and also explores a new Bitcoin-themed meme coin BTC Bull Token.

Bitcoin Market Dynamics and Rising Adoption

An influx of shorts is putting a lot of pressure on the Bitcoin price today. Analyst Carl Menger noted that shorts outnumber Bitcoin longs 10:1 right now.

Typically, prices move to the areas with the most liquidity, which in this case means moving higher to liquidate the short buyers.


However, the impact of futures trading on cryptocurrencies is typically shorter term. In the mid-term, traders are pointing to the US M2 supply and rising global liquidity as bullish catalysts for Bitcoin.

As analyst Riggs shows, Bitcoin’s price typically follows the M2 money supply. Right now, the M2 is rising, while Bitcoin is going down. The analyst suggests that the current dip will soon end as Bitcoin reprices upwards.


Prominent trader Michael van de Poppe agrees that Bitcoin will soon recover, also pointing out that “the government in the U.S. is massively pro-crypto.”

“I would say that this is going to reverse quickly in the next 1-2 weeks, and the bottom is close,” he wrote.

On the U.S government, State-level Bitcoin adoption is pressing forward, with Arizona and Utah nearing the approval of bills for state-level Bitcoin reserves.


Bitcoin holders are also eagerly awaiting an answer from the US federal government on a national-level Bitcoin strategic reserve, which could involve the US government purchasing 5% of the total Bitcoin supply, based on a bill proposed by Senator Cynthia Lummis.

Other nations, such as the United Arab Emirates, Thailand, Germany, Hong Kong, and Poland, are all either actively working on or considering adopting Bitcoin.

Overall, both market dynamics and rising Bitcoin adoption from nation-states paint a promising picture. But what do the price charts say?

Bitcoin to Recover and Consolidate at $120K

Kaleo, a prominent crypto analyst who accurately called macro tops and bottoms since 2022 has predicted that Bitcoin has reached its lows and will now commence an upward ascent, with the first major target being $120K.

He suggests that the recent downturn deviates from a key support level, which Bitcoin will quickly reclaim in the coming days.

Following a breakout past $120K, the analyst sees a Bitcoin uptrend continuing in mid-summer, with his fractal price chart reaching highs of $137K.


Evidently, there is a consensus among prominent analysts that Bitcoin will regain lost ground in the coming weeks, fueled by bullish fundamentals and support from key areas of interest on its price chart.

But should Bitcoin rise as experts anticipate, one of the projects that could perform best is $BTCBULL. 

Newly Launched BTC Bull Token Meme Coin to Outpace $BTC in 2025?

Bitcoin is predicted to return less than a 2x ROI in the coming months. Many retail investors aim to outperform Bitcoin with alternative cryptocurrencies such as meme coins.

However, the issue with meme coins, and many other altcoins, is that they’re highly volatile and can fall as quickly as they rise. But what if there was a meme coin backed by crypto’s most trusted asset, Bitcoin?

In an industry first, a new meme coin called BTC Bull Token will pay its holder $BTC for free. Simply HODL BTC Bull token, and you’ll receive free $BTC and $BTCBULL every time Bitcoin’s price hits a key milestone.

Moreover, the project also has staking and burning mechanisms to further enhance its tokenomics.

It’s built on the Ethereum network, but it has partnered with the multichain crypto wallet Best Wallet so that holders can receive free Bitcoin from the same app.

While ensuring widespread accessibility through the Ethereum ecosystem, BTC Bull Token is working toward increasing Bitcoin ownership. 

The project is generating significant attention, with an analyst from 99Bitcoins recently saying it could 100x in price.

BTC Bull Token is undergoing a presale and has raised $2.9 million so far.

The current price is $0.002385, but this will rise throughout the ICO, and could be set to skyrocket alongside Bitcoin after the presale due to the project’s unique mechanism.

Visit BTC Bull Token Presale

Disclaimer

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