Bitcoin Could Face $95,000 Dip Before Potential $120,000 Rally

Crypto analyst Pentoshi highlights a critical juncture for Bitcoin’s short-term trend. He believes a drop toward the mid-$90,000s may follow if the asset breaks below the $101,000–$102,000 support region. This zone marks a crucial higher low in Bitcoin’s ongoing uptrend.

Pentoshi points out that Bitcoin still prints higher highs and higher lows, reinforcing strength despite possible short-term weakness. If buyers lose grip at current levels, he sees a retracement to $95,000 before any new upward movement begins.

Long-Term Outlook Remains Bullish

Despite the near-term caution, Pentoshi maintains a strong bullish stance. He sees today’s environment as far more favorable than 2021, noting that the macro backdrop has shifted significantly. Unlike the tightening cycle that followed the last bull run, current conditions support further crypto growth.

Demand, he argues, consistently exceeds newly mined BTC. This imbalance supports his belief in sustained price appreciation. For him, growing adoption and limited supply create a powerful foundation for future rallies.

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Investor Patience Will Be Tested

In Pentoshi’s view, patience—not market structure—is what often derails investors. Even strong hands can falter during consolidation. He suggests that buyers stay grounded, especially with the possibility of a surge to $120,000 if support levels stay intact.

His forecast shows a potential dip in June or July, followed by a renewed push higher. This phase may test conviction, but the setup points to opportunity for those who hold firm.

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