Bitcoin Breaks $105,000: Is the Next Step a Breakthrough or a Crash? Experts Have Diverging Opinions
The price of Bitcoin is hovering above $105,000, attracting high attention from global traders. The market is divided on the future trajectory of the king of cryptocurrencies, with bulls predicting that Bitcoin could soar to $175,000 based on historical cycle data and war rebound patterns, while bears warn that whale sell-offs could drive the price down to below $80,000.
Among the bulls, anonymous chart observer Egrag Crypto has bolstered market confidence, predicting a significant breakout for Bitcoin in the coming months. Historical cycle data indicates that Bitcoin is poised to soar by 102%, bringing its price from current levels to $175,000. Bitcoin's recent performance in shaking off geopolitical turmoil further strengthens Egrag Crypto's bullish outlook.
However, not everyone is buying into this optimism. Experienced analyst Ali Martinez has downplayed the bullish sentiment, warning that if key levels cannot be maintained, the market may be on the brink of a significant correction. Meanwhile, some whales are also beginning to reduce their Bitcoin positions, and the support level around $100,000 is weakening. If this support level collapses, Martinez predicts that Bitcoin could fall to $78,500.
Cryptocurrency strategist Michaël van de Poppe has expressed a similar view, noting that if BTC fails to hold above $106,000, it will trigger a waterfall decline in liquidity. He also predicts that the market has two directional choices: a buying opportunity below $100,000, or if the price remains around $102,500, a new round of upward movement will occur.
Market observer Axel Adler Jr. has also weighed in, pointing out that Bitcoin's OBV (On-Balance Volume) is still hovering around $100,000. Therefore, he believes that it is wise to cautiously hold long positions until there is clear confirmation and maintenance above $105,000.
In summary, Bitcoin's price fluctuates above $105,000, and the divergence of analysts' opinions has sparked intense discussion in the market about its future trajectory.
Whose opinion do you agree with more? Do you think Bitcoin will continue to break through to $175,000, or could it fall below $80,000? Share your views in the comments!
