Is BTC really hitting 120K this June?

Looks like Bitcoin might be on the verge of a big breakout and the indicators are piling up. I sometimes check out Bingx AI to get a read on BTC trends. Analysts are talking about the Wyckoff Cycle unfolding: 🔹 Accumulation Smart investors are quietly buying in 🔹 Manipulation Shakeouts and fakeouts to rattle the weak hands 🔹 Distribution Liquidity is on the rise, pushing prices higher So, what's driving this surge? There's been a significant increase in M2 Global Liquidity, which means more cash in circulation and better support for riskier assets like BTC. With both macro and market signals pointing in the same direction, it's looking pretty bullish. For now, one thing’s clear, Bitcoin's heading up.

In July, not in June. I do not know if bitcoin is going to $120000 in July because the market is hard to predict. I think bitcoin may not go below $100000, but if it goes below $100000, it will rise up above the price again. Bitcoin needs to break $108000 now and then $110000 is another resistance that should be broken.

It is for very long term and you can invest your money in Bitcoin which is your good decision, however don't focus on short term. Inflation of fiat currencies is nothing new, and it has happened in many decades or you can even say centuries. So by looking things like you did, you are focusing on short term news because in long term, you don't need news to know a fact that governments globally only create more money into supplies and circulations over time. Their fiat currency purchasing power declines with time while oppositely Bitcoin or Satoshi purchasing power increases with time. https://charts.bitbo.io/yearly-candles/ https://charts.bitbo.io/satoshi-per-dollar/

Yeah, it seems that the resistance is very strong at $110k, meaning there is like this big barrier in front of us, a wall that we can't get over... for now. But we all know that it will take several attempts before we can break it. At least 3 to 4 times before we can successful go over and then it will become our support. So this might happen in July or maybe in the next couple of months, nobody really knows. But that thing is that it could really be done anytime and that is one factor that everyone should understand. In maybe just a snap of the hands, prices will go up and shoot up to levels we can only imagine.

You need to change the title, @OP. It's July, not June. It's not easy to predict whether the Bitcoin price will reach $120,000 this month or not. We are in early in this month so anything can happen. But having hope will be okay because that can be our strength to continue hold and accumulate Bitcoin. If everything goes well and more good news related to crypto, the market will be green and the price will increase more. But if that is not happen, the situation will change and may become bad. It is better to prepare for anything so we can adapt to the situation.

I think the same thing but what I think is that if we get to that figure in July, the price will probably not stay there and start a big rise. There is a big resistance around $110K. The moment it gets above that we enter uncharted territory, fortunately for us.

That $110K barrier is really acting like a 🧱-wall now. After watching the ChartBuddy guy's statis a few days, it seems every attempt BTC breaks that 🧱-wall, it falls into a lack of volume and depth.  So the $108-110,000 resistance needs to be turned into support with strong volume so it can really take off. Think of it like a boxer testing that jab, some jabs get blocked, sometimes the guard drops and Vroom, power punch lands. It wasn't long ago that we came from the brink of World War III, so we just rebounded off geopolitical dips $98K-$100K. So a new high, even the $140,000 region, is beckoning. Yeah it may take a few tries. But each attempt builds momentum. And as you said, a break turns that wall into a floor. So there could be a moment in July or beyond, just need to watch liquidity, volume and the next breakout candle.

$120k was once the target for June when BTC reached $112k in May, but unfortunately that didn’t happen and now it’s the target for July. Bitcoin depends on the world economic and political situation, and those are things that are beyond our control. No one knows what will happen and all we can do is pray that everything will be fine because that is good for bitcoin. If I remember correctly, Trump's tariff moratorium was scheduled to end in July, and this was the event that caused Bitcoin price to drop to $77k when Trump decided to impose tariffs on all of his trading partners. I think the market will be very volatile in July because tariffs will be a hot topic globally and it always impacts bitcoin.

It seems like OP is sleepy so he didn't fix it again. Well no one really knows the Bitcoin price movement and the $120K target was targeted before but failed after Bitcoin price hit $110K. For July if Bitcoin price goes back to $108+ it can reach $120K but anything can still happen and vice versa because of many factors and if after the rejection from resistance the price goes back quickly to $108K in early July there is a possibility that $110 will be reached, and for the next it depends on the news that happens if it is positive there is a possibility that it will continue and if it is negative there is a possibility that it will also go back to $107K so we will just see the next movement and we can only speculate but the truth is not necessarily true.

But it's not the only factor, yeah, we might be affected by the political situation in the US and then the potential war in the Middle East. Nevertheless, I don't think that the impact will be huge. The price remain in the sideway pattens, so it's a good sign that the investors are not moving and just waiting for a good sign to pump up the price again. That's what I'm saying, with that news from Trump, the prices slide hard, but it didn't last that long as we have bounce back to 6 digits and now we remain above it. And even if it is volatile, everyone should really be looking at the long term and maybe this July we might see the price skyrocketing.

We need to break $110k first, if it happens in this month of July, then yes we could go very high, maybe even higher than $120k. It is hard for me to predict now, the month has to unfold and then we see all the events that would happen in this month, lately we've been getting more good than bad news/events, so hopefully it continues that way. The way i see it now, as long as we don't fall below the $100k support, we can expect BTC to rise really high pretty soon.

I agree with you. It could not affect Bitcoin for long. However, when Trump's herself is published, the holder becomes a little more excited, and that is why the market reduces the quantity. At present we can see that Bitcoin's market is upward despite the war. And I think war will no longer have any effect on Bitcoin.  That is why Bitcoin is expected to reach 120k in July, but if the Global M2 supply follows the supply, then BTC will go more than 160k. However, it is not possible to say when Exactly will go. In August and November, 160k+ is not possible to go the most.

The market could get better this month if the situation in the middle east cools off, we just need one good news, something like both parties coming to an agreement for peace and stop striking each other, then it could definitely attain $110k and boom to $120k hopefully, that's what we're all wishing for isn't it?  However just one bad news concerning a hitted situation over there could worsten everything and cause a downtrend or Bitcoin fluctuating between $102k to $106k, still a buying opportunity though for those that are very serious with the DCA but truth be told, the wish of the majority is that BTC would keep going higher, except those who are just coming into the market and excepting to get an opportunity to buy it cheaper.

The current global economic situation is bad again, meaning that some speculation that has been predicted can miss it not as predicted, of course you may be based on the Wyckoff cycle, but that is not a guarantee. You have to see the current developments, the Middle East is not friendly, global oil on the verge of destruction and so is other things, we all realize the US, Europe, the Middle East has an active role in the crypto market, So the impact of what we see today is big, for that June has passed now in July, it does not have a positive impact on the crypto market for the $ 120k bitcoin price, it seems more to the distance.

For June, we can assume Bitcoin is moving sideways. There are ups and downs, but the end of the month is closed with a fairly stable price. In some speculations, many have predicted that Bitcoin could reach $120k. But for next month, I'm not sure enough. For July, the Bitcoin market situation may still be like the previous month. We may see a longer sideways path.

It is funny that even you, also said June lol. But that was true. Like someone else, it is still early to know what can happen but it surely depends on how things goes like the news, politics, economic events, etc.. After all, I'm also bullish like you at all times, so I believe BTC can only rise. But if in case it drops, it can also be a sign for more drops. Maybe what you are telling there is also about recovery, which is also true. And it occurs because there are also people who likes to buy at the dips. $114k must be our latest ATH last time, so breaking this value is much surer that we can now move forward than the 108 and 110k dollar that you have written there.

The big resistance now is between $108000 and 109000. If you noticed, bitcoin will increase and get between these two prices and falling back. I think bitcoin has gotten there like four time or more now but falling back after. $108000/$109000 resistance began when bitcoin increased slightly above $110000 some days or weeks ago. You can use the daily chart to understand what I mean. But I think there will be another resistance at $110000 that needs to be broken. Thanks for noticing that, I have corrected it.

The market signals are already indicating a bullish trend but it doesn't mean that it may not experience correction, it will but there will be some kind of upward and downward movement such that even if the price doesn't reach $120K, it may go close to that ATH, maybe around $115K to $118k. We have just entered the second half of the year so i believe that the performance of the price of bitcoin in this month of July will give us an oversight of what ATH the price of bitcoin may likely end this year.

Well it did not happen price point of 120k in month of June. And now there is alot of resistance at 110k so I do not know when we will see 120k. Yesterday price of Bitcoin did go to 109,800 and I did think the next big 'bull run' was going to come. But now price is back down to 109,300 so 120k in this month I do not know if it will happen.

The war situation in the Middle East is not the only factor affecting the market, Trump's tariff war or the Fed's refusal to lower interest rates also have a significant impact. The Middle East news is quieting down but the tariff news is back and as we saw how it affected when Trump decided to impose tariffs. Trump's tariff moratorium is set to end on July 8, and few countries have reached trade deals with him, so far. So, we need to pay attention to this factor because it has an even more significant impact on the market than the war in the Middle East or any other news. Whether Bitcoin can hit $120k this month will depend on the outcome of the tariff war, IMO.