Bitcoin’s Momentum Eases but Traders Expect $150,000

Bitcoin is experiencing a period of consolidation after hitting new all-time highs in mid-May. While the RSI has dropped below the overbought threshold and Bitcoin futures have flipped bearish with a significant decline in perpetual CVD, analysts remain optimistic about its potential to reach $150,000. Key factors contributing to this outlook include growing DeFi applications, increasing institutional investments, and the persistent bullish sentiment from traders.