{"id":5142,"date":"2025-06-08T05:00:27","date_gmt":"2025-06-08T05:00:27","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/can-bitcoin-price-bounce-to-120000-or-will-it-break-below-100000\/"},"modified":"2025-06-08T05:00:27","modified_gmt":"2025-06-08T05:00:27","slug":"can-bitcoin-price-bounce-to-120000-or-will-it-break-below-100000","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/can-bitcoin-price-bounce-to-120000-or-will-it-break-below-100000\/","title":{"rendered":"Can Bitcoin Price Bounce To $120,000 Or Will It Break Below $100,000?"},"content":{"rendered":"

The Bitcoin price has continued to trade sideways since hitting a new all-time high<\/a> (ATH) of $111,900 earlier in May. Amid the current price action, crypto analyst Decode has provided insights into whether the leading crypto will rally to $120,000 or drop below $100,000 next.\u00a0<\/p>\n

Analyst Reveals What’s Next For The Bitcoin Price<\/h2>\n

In an drop below $100,000 before it rallies to a new ATH of $120,000. The chart showed that BTC could fall to as low as $96,500 on the Wave B corrective move.\u00a0<\/p>\n

This drop to $96,500 is expected to happen this month. Once that is done, Decode predicts that the Bitcoin price could rally above $120,500 before the end of July. This will mark the Wave C impulsive move to the upside. This aligns with veteran trader Peter Brandt\u2019s prediction that BTC could reach as high as $150,000 by late summer.<\/p>\n

\"Bitcoin\"<\/p>\n

However, crypto analyst KillaXBT has predicted<\/a> that the Bitcoin price could hit the $120,000 target by mid-June. This coincides with the June FOMC meeting, which is scheduled for June 17 and 18. A Fed rate cut could serve as the catalyst for such a parabolic rally from the current BTC price level.\u00a0<\/p>\n

According to CME FedWatch data<\/a>, there is a 97.4% chance that the Fed would keep interest rates unchanged. As such, market participants aren\u2019t expecting a rate cut, which is why the Bitcoin price could pump massively if Jerome Powell and the FOMC were to surprise everyone. Moreover, US President Donald Trump yesterday urged<\/a> the Fed to cut rates by a full point.\u00a0<\/p>\n

A Breakout Might Be On The Cards<\/h2>\n

In an X post<\/a>, crypto analyst Titan of Crypto suggested that a breakout could be imminent for the Bitcoin price. He noted that BTC is progressing inside a 4-hour falling wedge<\/a>, which indicates a bullish reversal pattern. If confirmed, the analyst stated that the breakout could target the $107,500 and $109,500 zones, which are the Fibonacci confluence areas.\u00a0<\/p>\n

Crypto analyst Kevin Capital highlighted<\/a> the solid V-shape recovery for the Bitcoin price after the leading crypto dropped to as low as $100,000 on May 5. However, the analyst noted that BTC\u2019s rebound back to the $105,000 zone won\u2019t matter until it breaks above the $106,800 level<\/a>. The leading crypto must also show actual follow-through with 3-day to 1-week closes to support a breakout.<\/p>\n

At the time of writing, the Bitcoin price is trading at around $105,000. Up over 2% in the last 24 hours, according to data<\/a> from CoinMarketCap.<\/p>\n

\"Bitcoin\"<\/p>\n","protected":false},"excerpt":{"rendered":"

The Bitcoin price has continued to trade sideways since hitting a new all-time high (ATH) of $111,900 earlier in May. Amid the current price action, crypto analyst Decode has provided insights into whether the leading crypto will rally to $120,000 or drop below $100,000 next.\u00a0 Analyst Reveals What’s Next For The Bitcoin Price In an…<\/p>\n","protected":false},"author":1,"featured_media":5143,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[2609,22,28,29,32,33,34,35,36,2610,1423,2333,462,1427,1381,1459,1620,2611,1193,1438],"class_list":["post-5142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-abc-wave","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-cme-fedwatch","tag-coinmarketcap","tag-decode","tag-donald-trump","tag-falling-wedge-pattern","tag-fed","tag-fomc","tag-kevin-capital","tag-killaxbt","tag-peter-brandt","tag-titan-of-crypto"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/5142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=5142"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/5142\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/5143"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=5142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=5142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=5142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}