Bitcoin is trading near $118,864, representing a +0.74% gain in the past 24 hours. After a sharp rally from below $102,000 earlier this month, BTC is now stabilizing just below the $112k–$113k resistance range. The broader uptrend remains intact, though short-term consolidation appears likely.In this article, we will look at bitcoin next target with latest news.For on-demand analysis of any cryptocurrency, join our Telegram channel.Bitcoin Next TargetCurrent Price: $118,86424h Price Change: +0.74% (+$876)24h Range: $117,428 – $119,210Market Cap: ~$2.35 trillion24h Trading Volume: ~$40 billionCirculating Supply: ~19.88 million BTCBullish breakout from Sideways Channel ($100K – $112K), above the $112K resistance, signals resumption of Uptrend. Price is making new ATHs. In this price discovery phase, we used Fibonacci extensions to identify possible price targets (resistance levels): $121K, $128K, $136K.Buy NowTechnical OverviewRSI & MACD: Indicators show fading momentum near resistance, signaling potential short-term pause.Support Levels:~$109,200–$108,300 — last major consolidation zone~$116,000–$117,000 — current intraday supportResistance Levels:~$112,000–$113,000 — initial ceiling$120,000 psychological barrierTrend: Still within a medium-term bull structure, but poised for a possible sideways correction near resistance.Latest Bitcoin News & DevelopmentsETF Inflows SurgeU.S. spot Bitcoin ETFs recorded $667 million in inflows on May 19—the largest in nearly three weeks. Total ETF capital has passed $50 billion this year, contributing to price stability above $100k.State-Level AdoptionTexas enacted a Strategic Bitcoin Reserve bill on June 22, becoming the third U.S. state to formally hold crypto reserves—further institutionalizing the asset.Bullish Outlook from AnalystsMultiple analysts forecast BTC reaching between $200,000 and $250,000 by year-end, citing regulatory clarity, ETF growth, and supply constraints post-halving.Caution from InvestorsSome prominent investors warn of overheated markets, including crypto. However, many remain open to accumulating during dips, anticipating long-term upside.Outlook & SummaryBitcoin is consolidating after a strong rally from the low $100k rangeBull Case: A confirmed move above $112k–$113k resistance could lead to testing $120k, then $125k+.Bear Case: A failure to hold the ~$109k zone may trigger a pullback to $107k–$108k, but the mid-term trend remains bullish.👉 Short-Term Outlook: Neutral to Bullish📉 Risk Level: Moderate — prepare for consolidation around resistanceFor on-demand analysis of any cryptocurrency, join our Telegram channel.3AC’s Liquidator Gets Singapore Court’s Recognition to ProbeSpain’s Financial Regulator Warns Investors Over Unlicensed Crypto FirmsArbitrum Foundation to Distribute $215M in ARB tokens to Fuel Gaming SectorTop 3 Best Crypto Coins to Buy for April 2024