Bitcoin Price Prediction: Bullish Trends Towards $120,000

Bitcoin price forecasts suggest a potential breakout above $120,000 due to a tariff pause announced by US President Trump. Analyst Kaduna supports this prediction with a detailed analysis showing Bitcoin’s upward trends. Recent price actions reflect this bullish outlook, with Bitcoin trading at approximately $83,395. However, market volatility persists, prompting caution among analysts.

The Bitcoin price is currently following a bullish prediction from an analyst, suggesting it could break past $120,000. The projection was influenced by the announcement of a temporary tariff suspension by President Donald Trump, which has been identified as a significant macroeconomic catalyst for Bitcoin.

Kaduna, the aforementioned analyst, reaffirmed his earlier forecast that Bitcoin is gearing up for a surge above the $120,000 mark. His analysis indicated that the 90-day suspension of tariffs might prompt market behaviour that anticipates a mini bull market within a 55-day window ending on June 3, 2025.

He provided a detailed candlestick chart that shows Bitcoin’s price trends against macroeconomic indicators, suggesting a consistent upward trajectory towards the target price. If the prediction holds, he plans to exit most positions by the deadline of this forecast window.

Recent price actions reflect Kaduna’s bullish outlook, with Bitcoin breaking past the $84,000 resistance level. This increase is supported by strong trading volume, aligning with the predicted market trends. The blue chart line indicates a potential movement towards the $120,000 to $125,000 range in the near future.

After previously falling below $80,000, Bitcoin’s price is now recovering, trading at approximately $83,395, a rise of about 7.16% over the last week. Although it did exceed $84,000 earlier, some gains have been retraced, reflecting the unstable market conditions observed during the current trade war and tariff developments.

In light of the ongoing market volatility, industry analysts like Tony Severino are adopting a cautious stance, neither bullish nor bearish on Bitcoin. They continue to monitor the market closely for signs of sustained recovery and stability amid fluctuating prices.