The Bitcoin price has remained range-bound since achieving its latest all-time high (ATH) of $111,900 in early May. As traders speculate on the next major move, prominent crypto analyst Decode offers a detailed wave analysis to forecast whether BTC will climb to $120,000 or retrace below $100,000.
Bitcoin Price Forecast: Wave Analysis Points to Critical Juncture
Decode’s ABC wave analysis (shared via X) suggests Bitcoin will first dip below $100,000 before initiating a rally toward $120,000. Key takeaways:
- Wave B Correction: BTC may drop to $96,500 this month, completing the corrective phase.
- Wave C Rally: Following this dip, Bitcoin could enter an impulsive upward move, potentially surpassing $120,500 by late July.
This aligns with veteran trader Peter Brandt’s bullish outlook, projecting a $150,000 BTC price by late summer. However, analyst KillaXBT anticipates a faster surge, targeting **$120,000 by mid-June**—coinciding with the June 17–18 FOMC meeting.
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Federal Reserve Impact: A Potential Catalyst
The Fed’s rate decision could significantly influence Bitcoin’s trajectory:
- Current Odds: 97.4% chance rates remain unchanged (per CME FedWatch).
- Surprise Cut Scenario: An unexpected rate cut—advocated by former President Trump—might trigger a parabolic BTC rally.
Technical Indicators Signal Imminent Breakout
Crypto analyst Titan of Crypto highlights a 4-hour falling wedge pattern—a bullish reversal signal. A confirmed breakout could propel Bitcoin toward:
- $107,500 (Fibonacci confluence resistance)
- $109,500 (secondary target)
Meanwhile, Kevin Capital emphasizes the importance of BTC holding above $106,800 with sustained closes (3-day to 1-week) to validate upward momentum.
Current Bitcoin Price Snapshot
As of writing, Bitcoin trades near $105,000, reflecting a 2% 24-hour gain (CoinMarketCap data).
FAQs: Addressing Key Bitcoin Price Questions
Q1: What’s the most bullish Bitcoin price prediction for 2025?
A: Analysts like Peter Brandt project up to $150,000 if macroeconomic conditions favor risk assets.
Q2: Could the June FOMC meeting crash Bitcoin’s price?
A: Unlikely unless the Fed adopts a hawkish stance. Neutral/unchanged rates may maintain current ranges.
Q3: How low might Bitcoin drop if the correction deepens?
A: Decode’s analysis identifies $96,500 as a critical support level for Wave B completion.
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Final Note: While short-term volatility persists, Bitcoin’s long-term outlook remains bullish. Traders should monitor technical patterns and Fed policy shifts for breakout confirmation.