A recent poll on X shows that half of the respondents bet that Bitcoin would rise to $114,000, while the other half expect it to fall well below $100,000
Crypto users are divided on whether Bitcoin will surge to an all-time high or again drop below the key $100,000 mark as the broader market is trading sideways, according to a recent poll on X.
Crypto pundits asked what’s next for Bitcoin
— $94,000 or $114,000 — split nearly evenly, with 50.2% predicting a drop to $94,000 and 49.8% expecting a rise to $114,000,accordingto the poll on Thursday by crypto analyst Matthew Hyland that gathered over 1,300 votes.
Sideways market takes a toll on crypto sentiment
Bitcoin is currently trading at $104,522, and a drop to $94,000 would mark a 10% decline, while a rise to $114,000 would mean an approximate 9% gain and a new all-time high, surpassing the previous high of $111,940 set on May 22, according to CoinMarketCap data.
Bitcoin hasn’t touched the $94,000 level since May 6, shortly before it broke back above $100,000 on May 8 for the first time in three months.
It comes after Bitcoin briefly reclaimed $110,000 on June 11, leading to renewed hopes of new highs. However, escalating geopolitical tensions — triggered by Israel launching airstrikes on Iran last Thursday — caused Bitcoin to drop to $103,000.
The tensions have only been mounting since, with US President Donald Trump calling for Iran’s “unconditional surrender” and threatening Iran’s supreme leader, Ayatollah Ali Khamenei.
The ongoing sideways price action has dampened overall crypto market sentiment. In its June 20 update, the Crypto Fear & Greed Index flipped from “Greed” back to “Neutral,” posting a 54 out of 100 score.
