While Bitcoin’s price action may seem subdued, speculative momentum is quietly intensifying. Currently trading at $105,100 with a 24-hour volume exceeding $47 billion, Bitcoin remains the undisputed leader of the crypto market. Despite a modest 0.23% dip today, sentiment is split—will BTC break into six figures or face another pullback?
Over on Polymarket, trader sentiment leans heavily bullish. The platform’s most popular wager? That Bitcoin will hit $120,000 by the end of the year. Backed by over $1.15 million in volume, the market now assigns a 76% chance to this outcome—up 3% from earlier this month.
High-Stakes Bets Reflect Optimism—But With Limits
Other major predictions on Polymarket reflect growing bullish sentiment, albeit with more realistic ceilings:
- $130,000: 58% probability | $1.15M in volume
- $150,000: 37% probability | $1.62M in volume
- $200,000: 16% probability | $1.31M in volume
- $250,000: 7% probability | $974K in volume
- $1 million: 2% probability | $903K in volume
On the flip side, bearish wagers are much more restrained:
- $70,000: 28% probability | $1.16M in volume
- $50,000: 13% probability | $1.11M in volume
There’s virtually no action on a drop back to $20,000—volume is too low to register—underscoring the prevailing optimism. Still, compared to the six-figure moonshot narratives pushed by hardcore Bitcoin maximalists, these forecasts suggest a more measured and grounded outlook.
Triangle Squeeze: What Bitcoin Charts Say
The long-term outlook remains bullish, while the short-term suggests an impending breakout — though the direction isn’t guaranteed to be upward. On the 2-hour chart, Bitcoin is trading within a symmetrical triangle, signaling that a surge in volatility may be imminent.
Key Highlights:
- BTC is clinging to the lower boundary of the triangle near $105,000
- 50-EMA at $105,420 is acting as resistance
- MACD shows a bearish signal with a negative crossover and a red histogram
- On June 3, a shooting star formed at $106,767, indicating price rejection
Bitcoin Trade Outlook
- Bearish Scenario: A break below $105,000 could trigger a drop to $104,098, with further downside toward $102,111.
- Bullish Scenario: A bounce from current support may lead to a retest of $106,767, and potentially a move up to $107,811.
- Strategy: Wait for a confirmed breakout before entering a position.
Will Bitcoin Break or Bounce?
Bitcoin is at a decisive moment. While fundamentals and market sentiment remain bullish, short-term technicals suggest caution. The symmetrical triangle pattern reflects a coiled market, often preceding major moves—but the direction is still unclear.
Macro outlook remains positive:
- Ethereum is holding strong above $2,618
- Altcoins are climbing: Solana +4.2%, Dogecoin +2.1%, XRP +2.9%
- Bitcoin dominance is stable—watchful and patient
But the focus is clear: $105K is the level to watch.
If Bitcoin holds support, a run to $120K by year-end is within reach.
If it breaks down, bulls may need to reassess quickly.
Bitcoin Price Prediction
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