Will Bitcoin Hit $120K or Crash? Bitcoin Price Prediction Reveals What’s Next

The Bitcoin price may look muted, but underneath the surface, speculative pressure is building rapidly. Trading at $105,100 with over $47 billion in 24-hour volume, Bitcoin is still the king of the crypto market. Down 0.23% today, traders are divided, will BTC hit six figures soon or pull back? Polymarket, the prediction platform , shows traders are very bullish. The most popular bet right now? Bitcoin is expected to reach $120,000 by year-end. With over $1.15 million in volume behind it, the market currently gives this target a 76% probability, up 3% from earlier this month. Source: Polymarket Other high-stakes predictions: $130,000: 58% odds | $1.15M volume $150,000: 37% odds | $1.62M volume $200,000: 16% odds | $1.31M volume $250,000: 7% odds | $974K volume $1 million: 2% odds | $903K volume Meanwhile, bearish bets are significantly smaller: $70,000: 28% odds | $1.16M volume $50,000: 13% odds | $1.11M volume There’s almost no money to be made on a return to $20,000, with volume too small to be listed. While investors remain bullish, expectations are more tempered than the six-figure moonshot forecasts often cited by hardcore Bitcoin maximalists. Triangle Squeeze: What Bitcoin Charts Say The long-term outlook is bullish, while the short-term outlook is a breakout near, but not necessarily upward. Bitcoin is currently inside a symmetrical triangle on the 2-hour chart, indicating that volatility is about to return. Bitcoin Price Chart – Source: Tradingview Here’s what to note: BTC is hugging the lower triangle boundary at $105,000 50-EMA at $105,420 is resistance MACD is bearish with a negative crossover and red histogram June 3 was a shooting star at $106,767, rejection Bitcoin Trade Outlook Bearish: Break below $105,000 could go to $104,098, then $102,111 Bullish: Bounce from support could retest $106,767 and then $107,811 Wait for a confirmed breakout before acting. Will Bitcoin Break or Bounce? Fundamentals and sentiment are one way, and short-term technicals are the other. Bitcoin is at a crossroads. The symmetrical triangle is a compressed market structure that typically leads to significant price movements. The question is—up or down? For now, the broader market is still bullish: Ethereum above $2,618 Altcoins like Solana (+4.2%), Dogecoin (+2.1%), XRP (+2.9%) are up Bitcoin dominance is steady, waiting, and seeing But all eyes are on $105K. If Bitcoin holds, $120K by year-end isn’t far off. If it breaks, bulls need to adjust fast. BTC Bull Token Presale Nears $7.78M Cap as 61% APY Staking Draws Yield Hunters With Bitcoin trading near $105K, investor focus is shifting toward altcoins, especially BTC Bull Token ($BTCBULL) . The project has now raised $6,801,303 out of its $7,789,647 cap, leaving less than $1 million before the next token price hike. The current price of $0.002545 is expected to rise once the cap is met. BTC Bull Token links its value directly to Bitcoin through two core mechanisms: BTC Airdrops reward holders, with presale participants receiving priority. Supply Burns occur automatically every time BTC increases by $50,000, reducing $BTCBULL’s circulating supply. The token also features a 61% APY staking pool holding over 1.73 billion tokens, offering: No lockups or fees Full liquidity Stable passive yields, even in volatile markets This staking model appeals to both DeFi veterans and newcomers seeking hands-off income. With just hours left and the hard cap nearly reached, momentum is building fast. BTCBULL ’s blend of Bitcoin-linked value, scarcity mechanics, and flexible staking is fueling strong demand. Early buyers have a limited time to enter before the next pricing tier activates. The post Will Bitcoin Hit $120K or Crash? Bitcoin Price Prediction Reveals What’s Next appeared first on Cryptonews .