Bitcoin is making headlines after surpassing $108,000 today, marking a four-month high. The leading cryptocurrency has just escaped a strong bullish pattern and traders are now eyeing $116,000 as the next major target.

With strong momentum and months-long charts showing no bearish signals, many believe that a new record high may be imminent. But amid the excitement, some experts are sounding the alarm about what could happen next.

Could Bitcoin drop to $2,000?

While the short-term outlook for Bitcoin seems optimistic, an analyst has warned of a major correction as the bullish run peaks. Some even call it "mathematically certain" that Bitcoin could drop to lows of $2,000–$3,000 in the future.

The long-term temporary target remains at $140,000. According to technical wave statistics, Bitcoin could soon break its all-time high, fueling the next bullish momentum. However, it is crucial for traders to adhere to the correct wave structure, as many misunderstand the ongoing movements.

After reaching $140,000, while some may expect an immediate peak, analysts suggest there is still plenty of room for growth before Bitcoin enters a major correction phase. However, ultimately, Bitcoin is expected to undergo a super cycle correction back to the $3,000–$2,000 range when it peaks — a cycle seen multiple times in its history.

Macroeconomic risks and market warnings

Adding to the uncertainty, the US Dollar Index is weakening and may slide further, which often benefits risk assets like Bitcoin. However, broader economic issues — such as the recent credit downgrade of the US and rising bond yields — could create new challenges for the cryptocurrency market.

There is also speculation that the Federal Reserve may intervene with emergency liquidity measures if financial markets become unstable again, making Bitcoin prices even more volatile.

Will this time the market be less volatile?

Bitcoin continues to move closely with risk assets like stocks, so it will take time before it really moves on its own. In this cycle, leverage in Bitcoin is low compared to the peak in 2021, which could mean less severe price volatility.

Analyst Michaël van de Poppe stated that Bitcoin is heading towards new all-time highs faster than expected. He sees levels of $120,000, $150,000, and even $200,000 coming soon as more people become frustrated with the continuous depreciation of the dollar.