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Opinion: Bitcoin is expected to hit $120000 within a few weeks

律动BlockBeats
律动BlockBeats|May 22, 2025 01:34
According to BlockBeats, on May 22nd, Joe DiPasquale, CEO of cryptocurrency hedge fund BitBull Capital, stated that Bitcoin is expected to test the $120000 price range in the coming weeks. DiPasquale pointed out that $112000 is the next psychological resistance level, and if the current momentum continues, coupled with continued inflows of exchange traded fund (ETF) funds and macroeconomic support, Bitcoin may hit $120000 within a few weeks. （Forbes）
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Timeline

Jun 18, 12:23【Bitcoin retests 50 day moving average】
Jun 18, 12:15【Bitcoin's 50 day SMA becomes a key position】
Jun 14, 05:53【Bitcoin sentiment index continues to decline or affect prices】
Jun 10, 13:10【The transaction volume of Bitcoin is about 110000】
Jun 10, 00:00【Bitcoin prepares for a new upward trend in price discovery】
Jun 09, 11:31【Bitcoin rises to 107K, with bullish momentum】
Jun 06, 11:50【Bitcoin just retested the level of 100000】
Jun 05, 05:26【Employers reduce working hours due to Bitcoin blocks】
Jun 02, 08:11【Bitcoin consolidates at $105500】
May 28, 03:03【Bitcoin Layer 2 Standard Initiative and GOAT Network】

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