Bitcoin (BTC) Prepares to Surge to $120,000: Analysts Reveal Three Key Catalysts

Jakarta, Pintu News – The cryptocurrency market is experiencing increased volatility, with Bitcoin showing dramatic price fluctuations. In the past 24 hours, the price of Bitcoin (BTC) briefly plunged below $99,000 before surging back past $106,000. Market analysts point to several factors that could trigger a rise in Bitcoin (BTC) price in the near future.

Bitcoin (BTC) Bullish Conditions Amid Geopolitical Tensions

According to an analyst known as Cyclops on social media platform X (formerly Twitter), Bitcoin (BTC) is showing a bullish setup similar to the pattern that occurred in March 2020. Cyclop notes that Bitcoin (BTC) seems to be repeating its past moves, where there was a brief dip followed by a strong rally. The current geopolitical tensions between Israel, Iran, and the United States are considered to have parallels with the market dynamics during the market crash due to COVID-19.

These tensions, while creating uncertainty, often create market conditions that assets like Bitcoin (BTC) can capitalize on. Following the announcement of a ceasefire that ended the 12-day conflict between Iran and Israel, crypto markets are showing signs of recovery. President Donald Trump, in a public statement, criticized the actions of both countries, but this period of calm was seen as a positive indicator for the market.

Also Read: 5 Altcoins Rise as Crypto Falls in June 2025 – Who Has Great Potential?

Bitcoin (BTC) Price Outlook Towards the End of the Year

Cyclops emphasizes the importance of Bitcoin (BTC) maintaining the $100,000 level as a basis to continue the uptrend. Currently, Bitcoin (BTC) has managed to break the $106,000 barrier, signaling further growth potential. In addition, Ethereum is also showing a quick recovery with prices approaching the key $2,500 level.

Investors are advised not to try to time the market perfectly as rapid and unpredictable price movements can often feel disruptive. With Bitcoin (BTC) currently trading at $106,500 per coin and having risen 75% since the start of the year, this major cryptocurrency market still shows significant potential for further growth.

Predictions and Hopes for the Future of Bitcoin (BTC)

With the current market conditions, Cyclop forecasts a consolidation phase for Bitcoin (BTC) in the range of $102,000 to $106,000. It is expected that there will be a breakthrough that could push Bitcoin (BTC) to reach a new record high of around $120,000 in November or December this year.

Despite continued economic uncertainty, Bitcoin (BTC) is still trading nearly 5% below its record high of $111,800 reached on May 23. The current key resistance level is $110,200, which has impeded a new price discovery phase for Bitcoin (BTC) on two occasions.

Conclusion

With various factors favoring a potential rise in Bitcoin (BTC) price, investors and market watchers may be witnessing an interesting few months in the cryptocurrency market. The anticipated rise will not only affect Bitcoin (BTC) but also other digital assets, signaling a new era in the evolution of the digital finance market.

Also Read: Altcoin Momentum! These 5 Cryptos Could Explode in the Near Future, Check out the Details

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Fast-Tracking a Bitcoin Rally: Expert Identifies 3 Bullish Catalysts. Accessed on June 26, 2025
• Featured Image: Generated by AI