Major Bullish Economist Shares New Predictions for Bitcoin Price! "In June..."

Economist Alex Krüger, who closely follows the Crypto currency markets, predicted a price target of 120,000 dollars for Bitcoin in June.

In a statement made on his social media account, Krüger highlighted two significant developments behind this bullish expectation.

Firstly, Krüger noted that the 5 billion dollar FTX distribution planned for May 30 could provide significant momentum to the market, emphasizing that this time large creditors would receive payments. He expressed that this development could be a positive catalyst in the market.

In contrast, Krüger noted that the 90-day customs duty deferment, which will end on July 9, could create potential pressure on the market, stating, "Depending on the news flow from the White House, markets may start to worry about customs duties again 2-3 weeks in advance."

On the other hand, another analyst Joao Wedson argued that explaining the recent price movements with institutional demand rhetoric could be misleading. Wedson stated, "Stay calm, the price is just liquidating the bears. It had also liquidated the bulls last week. The market always moves towards liquidity," indicating that the current fluctuations are normal.