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Bitwise Says Bitcoin Price Could Hit $120K in July

  • Bitwise maintains $200K Bitcoin target for 2025 and foresees potential for Bitcoin price to hit $120K in July.
  • Bitcoin is currently near $107K, with a bullish flag pattern hinting at a breakout to $112K–$120K if momentum and volume sustain in July.
  • Bitwise is optimistic about Bitcoin due to reduced supply from institutional demand through Bitcoin ETFs and corporate treasuries amidst geopolitical risks.
  • Technical analysis suggests a breakout for Bitcoin from the flag pattern, with indicators reflecting bullish momentum and a positive outlook towards reaching $120K by the end of July.

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