Bitcoin Price Soars Towards Record Highs: Experts Predict $120,000 by June

Bitcoin (BTC) continues its upward trajectory towards new highs, surging past the $111,750 mark. While some altcoins see positive divergence, many remain relatively passive as BTC price climbs. Analysts predict a further rise in Bitcoin’s value, with forecasts of potentially reaching $120,000 by June. 2023 may witness significant movement thanks to the expected repayment of FTX creditors who played a pivotal role during the crypto crash of 2022. The expected disbursement of $5 billion from FTX on May 30 could significantly impact the market and potentially propel Bitcoin’s ascent.