Is Bitcoin Heading to $120K or Facing Another Drop?

Bitcoin has been on quite a journey recently, dropping 22% from its peak of $109k to around $84k, leaving many investors questioning whether this signals a larger crash or is just a temporary dip before another surge. With strong support at $78k and institutional backing, including Ark Invest's $80M purchase and over $125B invested in Bitcoin ETFs, the overall outlook remains positive.

Experts predict Bitcoin could rise to between $110k and $120k by June, though a brief dip to $72k is also a possibility. A $368M short bet on Bitcoin could lead to a short squeeze, driving prices even higher. While some skeptics are concerned about a potential crash, it seems unlikely. Bitcoin is expected to stay above $78k and could even reach $90k or more by Q2. The future looks promising for Bitcoin, but some volatility should be expected along the way.

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