Bitcoin Price Forecast: Drop Below $100K Then Surge to $120K or More

The current outlook for Bitcoin suggests a potential dip below $100,000 before an ascent to $120,000 or higher. According to analyst Decode, Bitcoin might decline to around $96,500 in the near term, possibly this month, before rallying past $120,500 by late July, aligning with a broader prediction of reaching $150,000 by late summer. Another analyst, KillaXBT, anticipates a mid-June target of $120,000, possibly spurred by a Fed rate cut, although market expectations currently predict no rate change. Additionally, technical patterns like the falling wedge indicate a possible bullish breakout around the $107,500 to $109,500 levels, contingent upon confirmation. Overall, these diverse signals suggest increased volatility, with a potential for significant upward movement if key resistance levels are convincingly broken.