Analysis: BTC may "healthily adjust" around $106,000, institutions are bullish on the market
ChainCatcher news, according to Cointelegraph, Derive founder Nick Forster stated that after Bitcoin recently soared to $111,970, it has entered a consolidation phase, with the current price oscillating around $106,000, providing space for the market to "digest profits" and prepare for a new round of increases. He believes this is a "healthy adjustment," not a bearish signal.Forster pointed out that the U.S. International Trade Court overturned Trump's tariff decision, easing inflation concerns, while the Federal Reserve's interest rate decision on June 18 will be crucial. Additionally, although net inflows into Bitcoin ETFs under BlackRock exceeded $6.2 billion in May, the price has not yet fully reflected this, and institutional exposure continues to expand.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 stated that 2025 may see a "surprise performance" due to favorable regulations and continued institutional entry.