{"id":132126,"date":"2025-05-14T09:03:50","date_gmt":"2025-05-14T09:03:50","guid":{"rendered":"https:\/\/teknomers.com\/en\/bitcoin-price-prediction-will-btc-reach-120000-this-month-with-crypto-on-wall-street\/"},"modified":"2025-05-14T09:03:50","modified_gmt":"2025-05-14T09:03:50","slug":"bitcoin-price-prediction-will-btc-reach-120000-this-month-with-crypto-on-wall-street","status":"publish","type":"post","link":"https:\/\/teknomers.com\/en\/bitcoin-price-prediction-will-btc-reach-120000-this-month-with-crypto-on-wall-street\/","title":{"rendered":"Bitcoin Price Prediction: Will BTC Reach $120,000 This Month with Crypto on Wall Street?"},"content":{"rendered":"

Bitcoin Hovers Near Key Resistance Levels<\/h2>\n

Bitcoin (BTC\/USD)<\/strong> is hovering near $103,733<\/strong>, consolidating gains just above the key 23.6% Fibonacci retracement level<\/strong> at $103,400<\/strong>. While the broader market remains steady, a string of institutional developments suggests a brewing storm beneath the surface.<\/p>\n

The recent inclusion of Coinbase (COIN)<\/strong> into the S&P 500<\/strong> marks a historic milestone. Analysts at Bernstein<\/strong> project up to $16 billion<\/strong> in inflows\u2014$7 billion<\/strong> from active funds and $9 billion<\/strong> from passive index tracking. Crypto\u2019s presence on Wall Street<\/strong> has never been stronger.<\/p>\n

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Cathie Wood<\/strong> praised Coinbase\u2019s inclusion in the S&P 500, calling it a major step for crypto\u2019s legitimacy in traditional finance. In a post on X<\/strong>, she congratulated CEO Brian Armstrong<\/strong> and stated that the move will force index-sensitive managers to consider the stock.<\/p>\n

— Benzinga (@Benzinga) May 13, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

\u201cCrypto is here to stay<\/strong>,\u201d said Coinbase CEO Brian Armstrong<\/strong>, reinforcing Bitcoin\u2019s potential for broader financial integration.<\/p>\n

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Israel’s eToro<\/strong> seeks to raise up to $620 million<\/strong> in upsized US IPO – Reuters on https:\/\/t.co\/orvmA6Wqwk<\/a><\/p>\n

— PiQ (@PiQSuite) May 14, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Meanwhile, Israeli broker eToro<\/strong> aims to raise $620 million<\/strong> through its Nasdaq IPO, pricing shares at $52<\/strong> apiece. Backed by underwriters like Citi<\/strong> and Goldman Sachs<\/strong>, the listing underscores growing investor interest in regulated crypto platforms, adding further legitimacy to the sector.<\/p>\n

ETF Scare Reveals Bitcoin\u2019s Sensitivity; Bitcoin Recovers<\/h2>\n

Bitcoin\u2019s temporary spike last month\u2014sparked by a false ETF approval tweet<\/strong> from a hacked SEC account<\/strong>\u2014highlighted just how reactive markets are to regulatory news. The man behind the SIM swap attack, Eric Council Jr.<\/strong>, faces sentencing this week.<\/p>\n

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JUST IN: THE US GOVERNMENT RECOMMENDS A 2-YEAR PRISON SENTENCE<\/strong> FOR ERIC COUNCIL JR.<\/strong>, WHO HACKED THE SEC’S X ACCOUNT TO POST A FAKE BITCOIN ETF APPROVAL ANNOUNCEMENT IN JANUARY 2024.<\/p>\n

— Mario Nawfal\u2019s Roundtable (@RoundtableSpace) May 13, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Though his actions had no long-term impact on BTC<\/strong> pricing, the incident underscores vulnerabilities in the information pipeline and how they can briefly move billions.<\/p>\n

Despite regulatory risks, sentiment is buoyed by softer U.S. inflation data. Consumer Price Index (CPI) came in at 2.3%<\/strong> YoY, below estimates, boosting expectations for two Fed rate cuts<\/strong> this year. This puts pressure on the U.S. dollar<\/strong> and supports Bitcoin’s bullish structure heading into summer.<\/p>\n

Bitcoin Technical Outlook: Key Levels to Watch<\/h2>\n

Bitcoin price prediction remains bullish as BTC remains in an ascending trendline above the 50-period EMA<\/strong> at $101,553<\/strong>, maintaining short-term bullish momentum. The MACD histogram<\/strong> is flattening, suggesting consolidation, but no bearish divergence has formed yet.<\/p>\n

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Key Levels:<\/strong><\/p>\n