Analysts are divided on Bitcoin’s next resistance level. Some technical models suggest consolidation above $110,000, while others see potential upside toward $125,000 by year-end—especially if the US Fed signals interest rate cuts later this summer. “This is not a speculative pop. It’s a structural rally,” stated Markus Thielen, Head of Research at 10x Research. “The combination of favourable policy, capital rotation into crypto, and supply scarcity is fuelling the rise.”