Bitcoin has entered a consolidation phase after surging to $111,970 recently, and the current price is oscillating around $106,000, which will provide room for the market to "digest gains" and prepare for a new round of gains. He believes that this is a "healthy correction", not a bearish signal. Forster noted that the U.S. Court of International Trade vetoed Trump's tariff decision, easing inflation concerns, while the Fed's interest rate decision on June 18 will be key. In addition, while BlackRock's Bitcoin ETF saw net inflows of more than $6.2 billion in May, the price has not yet been fully priced in, and institutional exposure is still expanding. Researcher Sminston With predicts BTC cycle highs of $220,000 to $330,000; Trader Apsk32 sees a target of $220,000 for 2025. Although Q3 has been historically weak, Forster said that 2025 may usher in a "surprise performance" due to regulatory benefits and continued institutional entry.