Analysis: Bitcoin May Undergo a "Healthy Correction" Around $106,000, Institutions Bullish on Future Market

Odaily Planet Daily News: Derive founder Nick Forster stated that after Bitcoin recently surged to $111,970, it has entered a consolidation phase, with the current price fluctuating around $106,000. This will provide space for the market to "digest gains" and prepare for a new round of increases. He believes this is a "healthy adjustment" and not a bearish signal.

Forster pointed out that the U.S. International Trade Court's rejection of the Trump tariff decision alleviates inflation concerns, while the Federal Reserve's interest rate decision on June 18 will be crucial. Additionally, although BlackRock's Bitcoin ETF saw net inflows of over $6.2 billion in May, the price has not yet fully reflected this, and institutional exposure is still expanding.

Researcher Sminston With predicts that the BTC cycle peak could reach $220,000 to $330,000; trader Apsk32 believes the target for 2025 is $220,000. Although Q3 has historically been weak, Forster says 2025 may see a "surprise performance" due to regulatory benefits and continued institutional entry. (Cointelegraph)