#bitcoin

📊 Bitcoin Price Debate: $60K or $140K? 📈📉

Bitcoin ($BTC ) is down 12.75% from its all-time high above $124,500, splitting traders into two camps:

🐻 Bears: 2021 chart patterns suggest a potential crash to $60K-$62K, with a broken rising wedge and the 200-week EMA as key support. Some even warn of a drop to $50K.

🐂 Bulls: A healthy correction could find support at $104K-$106K (200-day EMA/SMA). Analysts like Bitbull and Captain Faibik see a bull flag forming, targeting $140K or higher if BTC breaks $113K resistance.

With the Fed cutting rates and the US Business Cycle yet to peak, will BTC soar or crash? 📅