Bitcoin (BTC) remains resilient on Thursday, June 19, having moved above the $105,000 mark several times, despite all the tension in the Middle East and the U.S. Federal Reserve’s unwavering stance on interest rates.
Bitcoin’s recent resilience is likely underpinned by growing institutional demand, as corporate balance sheets now show a 135% year-over-year (YoY) increase in BTC holdings, according to CoinMarketCap data.
At press time, Bitcoin is trading at $104,803, above its 50-day simple moving average (SMA) of $104,296 and with the neutral 14-day Relative Strength Index (RSI) of 48.18.
BTC price prediction
Taking all the data into account, Finbold consulted OpenAI’s ChatGPT regarding a potential Bitcoin price target for the end of H1, 2025.
According to the AI’s calculations, BTC could trade as high as $113,000 by June 30, with a 10% chance of the price dropping below $90,000 by the same time.
In the base case scenario, which the algorithm considers the most likely with 40% probability, Bitcoin will hit a price ranging between $107,000 and $113,000.
If institutional demand lessens, however, and the token experiences choppy consolidations, the price might range between $100,000 and $107,000.
In a more bearish case, which includes reduced exchange-traded fund (ETF) inflows, altcoin drag, and hawkish Federal surprises, the price could drop as low as $90,000.
The worst-case scenario, one featuring regulatory crackdowns, a liquidity crisis, or a geopolitical Black Swan event, could see the price drop below $90,000.
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