Economist and trader Alex Krüger predicts a Bitcoin price surge. He’s forecasting a jump to $120,000 in June, fueled by a significant event.
The FTX Factor
Krüger believes the upcoming payout of roughly $5 billion to FTX creditors will boost Bitcoin’s price. He thinks this large sum of money will mostly end up back in the crypto market, acting as a catalyst for growth.
But There’s a Catch
However, Krüger isn’t entirely bullish. He warns of potential trouble in early July due to uncertainty surrounding tariffs. A pause on tariffs could be lifted in early July, potentially causing a market downturn. He suggests the market might start getting nervous about this a couple of weeks beforehand.
A Bearish Counterpoint
Crypto analyst Justin Bennett offers a contrasting perspective. He believes Bitcoin could fall below $100,000 after failing to break through recent resistance levels. He’s even shorted Bitcoin, betting on a price drop.
Current Market Conditions
At the time of writing, Bitcoin is trading around $107,435, down from its recent high of nearly $112,000. The market is clearly showing some volatility.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
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