Analysis “BTC, Possibility of reaching 125,000 dollars in June…Continuous upward trend is the basis”
An optimistic forecast has emerged that Bitcoin could reach $125,000 by June. As Donald Trump, the President of the United States, delayed the imposition of tariffs on the European Union (EU), the macroeconomic uncertainty in the market has been temporarily resolved, and it is analyzed that this allowed BTC to continue its bullish trend.
On the 25th (local time), Cointelegraph announced that the weekly chart of Bitcoin/Dollar (BTC/USD) closed above $109,000, recording a 7-week continuous upward close. If this trend continues into next week, an unprecedented record of an 8-week continuous rise as of June 1st will be completed.
Cointelegraph analyzed, “In past examples, an 8-week consecutive upward close has often been an indication of a mid-to-long-term (6~12 months) bull market.” It was particularly noted that since 2014, there have only been three such continuous rise cases, and that after undergoing a certain adjustment period, a strong rally followed.
Cryptocurrency trader, Carpe Noctem, also emphasized, “All three past records of 8-week rises showed that BTC experienced a significant increase within 6 months to a year afterwards,” highlighting the significance of this trend.
Cryptocurrency analyst Michaël van de Poppe predicted, “If BTC maintains the $105,500~$107,000 range, it could break an all-time high in the short term,” and “if this trend continues, a breakthrough of $125,000 by June is possible.”
With the combination of macro risk mitigation and technical momentum, the market is again leaning towards an ‘ongoing rise’ scenario. Market participants are focusing on the weekly flow and early June price patterns to gauge the mid-to-long-term trend.