Bitcoin Must Break $106K to Start Next Bull Run

Bitcoin needs to reclaim the $106,000 mark—about 13% above its current value—to signal the start of a new price surge. Some traders such as the pseudonymous trader Pentoshi in a Feb. 22 post on X said that:

“The $106K level is key for confirming further upside,” said .

If Bitcoin fails to hold the $92,000-$94,000 support, it could dip to around $85,000—its lowest level since November. Some analysts, like AlejandroBTC, are already forecasting a drop toward $85K.

Currently, Bitcoin is trading around $96,340, but Pentoshi remains bullish. "Until it breaks down, I’m staying positive," he said.

Still, some are skeptical about an $85K bottom, with BitMEX co-founder Arthur Hayes predicting a potential dip to $70K-$75K that could spark a mini-financial crisis.

While the next move is unclear, traders like Mister Crypto are eyeing $90,000 as a buy signal. Others, like Donny, caution that it’s still too early to call.

In a more optimistic outlook, AshCrypto believes Bitcoin could hit a new all-time high by March, pointing to the month’s strong historical performance.

In the long-term, ARK Invest’s Cathie Wood remains confident, raising her prediction of Bitcoin reaching $1.5 million by 2030 despite market volatility.
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