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Analysis: Bitcoin may have a "healthy correction" near $106,000, and institutions are bullish on the outlook
Odaily News Nick Forster, the founder of Derive, stated that after Bitcoin recently soared to $111,970, it has entered a consolidation phase, with the current price oscillating around $106,000. This will provide space for the market to "digest profits" and prepare for a new round of rise. He believes this is a "healthy adjustment" and not a bearish signal. Forster pointed out that the U.S. International Trade Court rejected Trump's tariff decision, alleviating inflation concerns, while the Federal Reserve's interest rate decision on June 18 will be crucial. Moreover, despite net inflows exceeding 6.2 billion dollars into the Bitcoin ETF under BlackRock 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 between 220,000 and 330,000 USD; trader Apsk32 believes the target for 2025 is 220,000 USD. Although Q3 has historically been weak, Forster stated that 2025 may see a "surprising performance" due to favorable regulations and continuous entry of institutions. (Cointelegraph)