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.