{"id":3707,"date":"2025-06-06T03:16:04","date_gmt":"2025-06-06T03:16:04","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/06\/06\/bitcoin-trades-over-101-5k-analysts-eye-120k-amid-corporate-accumulation\/"},"modified":"2025-06-06T03:16:04","modified_gmt":"2025-06-06T03:16:04","slug":"bitcoin-trades-over-101-5k-analysts-eye-120k-amid-corporate-accumulation","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/06\/06\/bitcoin-trades-over-101-5k-analysts-eye-120k-amid-corporate-accumulation\/","title":{"rendered":"Bitcoin trades over $101.5K; analysts eye $120K amid corporate accumulation"},"content":{"rendered":"

Bitcoin trades above $101.5K in Asia, showing resilience despite new U.S. tariff uncertainties.<\/span>
\nAnalysts see continued bull market, with Polymarket traders pricing a 69% chance of BTC hitting $120K by year-end.<\/span>
\nPythagoras Investments\u2019 Gabeljic notes BTC\u2019s lower volatility compared to other digital assets amid tariff news.<\/p>\n

Bitcoin (BTC) commenced the Asian trading day holding steady above the $101,500 mark, demonstrating resilience in the face of fresh tariff-related uncertainties emanating from the Trump administration. <\/span><\/p>\n

While near-term volatility remains a factor, market analysts and traders appear increasingly focused on a sustained bull market through the remainder of the year, with a significant degree of confidence that Bitcoin will reach or surpass the $120,000 level, underpinned by persistent corporate buying and a notable decline in overall market volatility.<\/span><\/p>\n

The current market environment is characterized by a degree of caution, as unexpected tariff increases announced by the Trump administration have introduced some choppiness. <\/span><\/p>\n

\u201cThe uncertainty from unexpected tariff increases by the Trump administration is causing some volatility,\u201d Semir Gabeljic, director of capital formation at Pythagoras Investments, acknowledged in an email to CoinDesk. <\/span><\/p>\n

However, he emphasized Bitcoin\u2019s relative stability amidst these pressures: \u201cHowever, bitcoin remains relatively strong, with lower volatility compared to other digital assets.\u201d<\/span><\/p>\n

This underlying strength is further supported by a persistently bullish sentiment among institutional players. <\/span><\/p>\n

Gabeljic highlighted this by noting that traders on the prediction market platform Polymarket are \u201cpricing in a 69% probability that Bitcoin will hit at least $120,000 by year-end.\u201d <\/span><\/p>\n

This indicates a strong conviction in Bitcoin\u2019s continued upward trajectory, despite any intermittent market headwinds.<\/span><\/p>\n

Echoing this optimistic outlook, FlowDesk, a Paris-based market maker, shared a similar sentiment in a recent note on Telegram, even amidst recently subdued market conditions. <\/span><\/p>\n

\u201cThe market is clearly coiling, waiting to break out of a narrow band just below all-time highs,\u201d FlowDesk wrote in their market update note. <\/span><\/p>\n

They also observed a \u201csignificant repositioning and rotation from Bitcoin towards altcoins,\u201d but crucially added that \u201cBTC\u2019s underlying strength remains evident.\u201d<\/span><\/p>\n

FlowDesk also pointed to some signs of cautious market behavior, such as a modest decline in BTC funding rates on major exchanges like Binance, which typically suggests a reduction in the use of leverage by traders. <\/span><\/p>\n

However, on-chain borrowing activity has reportedly seen renewed vigor, a potential leading indicator that some market participants are anticipating an imminent breakout.<\/span><\/p>\n

The unwavering trend of Bitcoin accumulation<\/span><\/h2>\n

A powerful and enduring narrative bolstering the bullish case for Bitcoin is the continued and accelerating accumulation of BTC by corporate treasuries. <\/span><\/p>\n

Listed companies now reportedly hold approximately 809,100 BTC, an amount valued at nearly $85 billion. This figure represents a near doubling of corporate Bitcoin holdings compared to a year ago. <\/span><\/p>\n

This significant uptake is being driven by a combination of factors, including favorable regulatory shifts and recent accounting changes that now allow companies to recognize gains on their Bitcoin holdings more readily.<\/span><\/p>\n

This trend of corporate adoption underscores a fundamental belief in Bitcoin\u2019s long-term value proposition and its utility as a treasury reserve asset. <\/span><\/p>\n

\u201cThe expectation of a continued strong bitcoin remains,\u201d Gabeljic affirmed, suggesting that this institutional and corporate buying pressure is a key pillar supporting the market\u2019s current strength and future potential. <\/span><\/p>\n

As Bitcoin consolidates and traders navigate short-term uncertainties, the underlying accumulation by larger entities provides a strong foundation for continued optimism.<\/span><\/p>\n

The post Bitcoin trades over $101.5K; analysts eye $120K amid corporate accumulation<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin trades above $101.5K in Asia, showing resilience despite new U.S. tariff uncertainties. Analysts see continued bull market, with Polymarket traders pricing a 69% chance of BTC hitting $120K by year-end. Pythagoras Investments\u2019 Gabeljic notes BTC\u2019s lower volatility compared to other digital assets amid tariff news. Bitcoin (BTC) commenced the Asian trading day holding steady […]<\/p>\n","protected":false},"author":0,"featured_media":3708,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-3707","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=3707"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3707\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/3708"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=3707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=3707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=3707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}