Bitcoin’s price trajectory is aligning perfectly with a bold prediction made by crypto analyst Kaduna, suggesting an imminent breakout to $120,000. This forecast comes as markets react strongly to President Trump’s temporary tariff suspension, creating a unique macroeconomic catalyst for the leading cryptocurrency.
Breaking Down the $120,000 Bitcoin Price Prediction
Kaduna, a respected analyst on X (formerly Twitter), recently outlined a comprehensive thesis centered around a 55-day ‘exit window’ between April 3 and June 3, 2025. The analysis suggests that Bitcoin could experience significant price appreciation during this period, driven by the market’s response to the 90-day tariff suspension.
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Technical Analysis Supports Bullish Outlook
The analysis is supported by several key technical indicators:
- Strong volume support above $84,000 resistance
- Positive correlation with global M2 money supply trends
- Clear breakout pattern forming on the daily timeframe
Market Response and Current Price Action
Bitcoin is currently trading at $83,395, marking a significant 7.16% weekly increase. While trade war concerns initially created market uncertainty, the temporary tariff pause has sparked renewed optimism among investors.
Expert Perspectives on Bitcoin’s Trajectory
Market analysts remain divided on Bitcoin’s immediate future. Tony Severino has adopted a neutral stance, emphasizing the importance of monitoring market responses to ongoing macroeconomic developments.
Frequently Asked Questions
What is driving Bitcoin’s current price movement?
The primary catalyst is President Trump’s 90-day tariff suspension, combined with strong technical indicators and increasing institutional interest.
When could Bitcoin reach $120,000?
According to Kaduna’s analysis, the target could be achieved within the 55-day window ending June 3, 2025.
What are the key resistance levels to watch?
The immediate resistance stands at $84,000, with subsequent levels at $90,000 and $100,000 before the projected $120,000 target.