Gemini AI predicts Bitcoin will reach $120,000 to $150,000 by the end of 2026, driven by six converging factors: accelerating M2 money supply growth, central bank rate cuts, post-halving supply squeeze, expanding institutional spot ETF allocations, emerging sovereign strategic reserves, and legislative clarity. Bitcoin peaked near $126,000 in October before dropping to $60,000 in February, recovering to $82,000 by May, then retreating to $58,000 in June. The latest close sits at $64,858, with support at $60,000 and $58,000, while first resistance stands at $68,000. Gemini views the bear scenario as minor, with sticky inflation or regulatory friction representing the main downside risks, potentially testing $48,000 to $55,000 support.
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