Bitcoin could reach $120,000 — CoinDesk breaks down 4 key reasons
On June 24, CoinDesk published an article explaining why Bitcoin might be gearing up for a new bull run. The target they see is $120,000. Here’s what’s behind that forecast:
1. Big investors are coming in
Since spot Bitcoin ETFs launched, institutional players — like hedge funds and asset managers — have started buying more. BTC is becoming part of serious investment portfolios.
2. The economic environment is supportive
Inflation in the U.S. is going down. That gives hope the Fed might cut interest rates soon. When rates drop, investors usually shift into riskier assets like Bitcoin.
3. Miners are holding, not selling
After the halving, miners could’ve sold to lock in profits — but instead, they’re holding their coins and waiting for the price to go up. That means less supply on the market.
4. The price chart still looks strong
Key support levels on the Bitcoin chart are holding steady. That’s a good sign and gives bulls room to push the price higher.
On June 24, CoinDesk published an article explaining why Bitcoin might be gearing up for a new bull run. The target they see is $120,000. Here’s what’s behind that forecast:
1. Big investors are coming in
Since spot Bitcoin ETFs launched, institutional players — like hedge funds and asset managers — have started buying more. BTC is becoming part of serious investment portfolios.
2. The economic environment is supportive
Inflation in the U.S. is going down. That gives hope the Fed might cut interest rates soon. When rates drop, investors usually shift into riskier assets like Bitcoin.
3. Miners are holding, not selling
After the halving, miners could’ve sold to lock in profits — but instead, they’re holding their coins and waiting for the price to go up. That means less supply on the market.
4. The price chart still looks strong
Key support levels on the Bitcoin chart are holding steady. That’s a good sign and gives bulls room to push the price higher.
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Correction continues in Telegram gifts.
Low liquidity hitting hard — in the past 24 hours, most top gifts dropped 5-10% in price.
Small-cap pumps don’t count — there’s zero real liquidity there.
Top deals from yesterday:
–🎁 Plush Pepe Milano — sold for 10,000 TON on Tonnel
–🎁 Plush Pepe Pink Galaxy — sold for 5,900 TON on Portals
Low liquidity hitting hard — in the past 24 hours, most top gifts dropped 5-10% in price.
Small-cap pumps don’t count — there’s zero real liquidity there.
Top deals from yesterday:
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Someone painted 🎁 Plush Pepe Magnate on the iconic NFT wall in New York.
Real-world flex for a digital legend.
Real-world flex for a digital legend.
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Haunted House #4416 — the only one of its kind with a black background — was just picked up for a record 2,000 TON.
Back in April, it was bought on Tonnel for just 550 TON.
This is the rarest box in the entire collection.
Portals
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Binance founder: The new “American dream” will be owning 0.1 BTC
It’s great to see that Bitcoin is now being considered an asset for getting a mortgage.
The current American dream is owning a home.
The future American dream will be owning 0.1 BTC — which will be worth more than a house in the U.S.
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Pavel Durov: The Eagles sold out in 45 seconds.
The crystal Eagles — limited to 15,000 units at a price of 5,000 Stars each (≈ $75) — were sold out in just 45 seconds. It was impossible to buy them manually — only bots managed to get through.
The statues, with a supply of 300,000 priced at 250 Stars (≈ $3.75), sold out in 5 minutes, while the torches — 500,000 units at 150 Stars each (≈ $2.25) — were gone in 10 minutes.
In total, Telegram made over $3,000,000 in just 10 minutes.
The crystal Eagles — limited to 15,000 units at a price of 5,000 Stars each (≈ $75) — were sold out in just 45 seconds. It was impossible to buy them manually — only bots managed to get through.
The statues, with a supply of 300,000 priced at 250 Stars (≈ $3.75), sold out in 5 minutes, while the torches — 500,000 units at 150 Stars each (≈ $2.25) — were gone in 10 minutes.
In total, Telegram made over $3,000,000 in just 10 minutes.
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Eagles on the secondary market:
– 40 Eagles sold for $18,025
Original cost: $5,000
Profit: $13,025 — a clean 3.6x return
– 83 Eagles sold for $25,000
Original cost: $6,328
Profit: $18,672 — almost a 4x
– 223 Eagles sold for $64,075
Original cost: $17,122
Profit: $46,953 — around a 3.7x, or $290 per Eagle
– 40 Eagles sold for $18,025
Original cost: $5,000
Profit: $13,025 — a clean 3.6x return
– 83 Eagles sold for $25,000
Original cost: $6,328
Profit: $18,672 — almost a 4x
– 223 Eagles sold for $64,075
Original cost: $17,122
Profit: $46,953 — around a 3.7x, or $290 per Eagle
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New gifts 🎁 🎁 🎁 🎁 are already trading on the Toonel pre-market:
New gifts will become upgradeable for 25⭐️ and can then be listed for sale on the Toonel pre-market:
🔥 Burn stats so far:
–🎁 Joyful Bundle — 35,908 burned (23.94% of supply)
–🎁 Valentine Box — 8,975 burned (17.95% of supply)
–🎁 Cupid Charm — 6,888 burned (17.22% of supply)
–🎁 Whip Cupcake — 32,381 burned (8.1% of supply)
Stickers and emoji:
🧁 Cupcakes: Stickers - Emoji
🗃 Love You: Stickers - Emoji
❤️ Cupid Charm: Stickers - Emoji
💝 heart-shaped box: Stickers - Emoji
New gifts will become upgradeable for 25⭐️ and can then be listed for sale on the Toonel pre-market:
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Stickers and emoji:
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A sword for 1,025TON.
The rarest sword — “0.1% Wrath of Vader” on a black background — was sold on Portals for 1,025 TON ($2 818)
The rarest sword — “0.1% Wrath of Vader” on a black background — was sold on Portals for 1,025 TON ($2 818)
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