Bitcoin Holds Strong Above $100,000; Predictions Point to $120,000 Target

Despite a recent dip below $112,000 in May, Bitcoin’s price remains strong above the crucial psychological level of $100,000. Holding steady around $104,000-$105,000 at the start of June 2025, Bitcoin is demonstrating resilience through sustained market confidence and institutional backing. The cryptocurrency’s dominance in the market remains strong, with a market cap exceeding $2 trillion and daily trading volumes between $46-63 billion. 50-day EMA ($100,852) and 200-day EMA ($96,559) are both above Bitcoin’s current price, indicating positive momentum for further gains.