Bitcoin is currently encountering new lows as rising geopolitical uncertainty has pushed the asset down to new depths. The current BTC spiral is leading the token to explore new lows in the process. At present, Bitcoin is sitting at $101K, after briefly dipping to $99K last night. What is Bitcoin’s true future amid the brewing economic uncertainty? Let’s find out.
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Bitcoin To Hit $160K?
The current geopolitical uncertainty is hitting global markets. The fact that the US has intervened in the Iran-Israel conflict has prompted major assets, including BTC, to adopt a cautious approach. However, per a notable cryptocurrency analyst, Dan Gambardello, Bitcoin is still poised to hit $160K.
Per Gambardello’s analysis, BTC is displaying an inverse head and shoulders pattern on its chart. The pattern generally indicates a possible reversal from a downtrend before assuming a notable ascent. This is exactly what BTC is currently going through. Per Gambardello, Bitcoin could drop as low as $95K in the worst-case scenario before it assumes its ascent towards the highly ambitious $160K mark.
“Now this BTC inverse head and shoulders is starting to look more structurally sound. $160k target if pattern confirms. Still more downside in play in the short term. $95k target not yet hit.”
Now this Bitcoin inverse head and shoulders is starting to look more structurally sound.
— Dan Gambardello (@cryptorecruitr) June 23, 2025
$160k target if pattern confirms.
Still more downside in play in short term.
$95k target not yet hit. pic.twitter.com/IUBGIXp7ds
Technical Analysis Of The Token
As per CoinCodex, Bitcoin is currently sitting at $101K and may ultimately end June on a positive note. The token may note a surge of $126K by June 30, 2025.
By mid-July, the token may surge as high as $108K.
”According to our current Bitcoin price prediction, the price of BTC is predicted to rise by 7.35% and reach $ 108,156 by July 23, 2025. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 42 (fear). Bitcoin recorded 15/30 (50%) green days with 1.93% price volatility over the last 30 days.”
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