Market Split on Bitcoin's Future: $150K or a Dip to $92K?

Bitcoin (BTC) reached a new all-time high of $111,814 on May 22 but has since dropped $9,000, sparking debate among traders if this is a healthy cooldown or the beginning of a significant downturn. Market volatility has returned with BTC fluctuating between $103,300 and $105,000 in the past 24 hours, showing increasing market uncertainty.

Analysts like Axel Adler Jr. warn of potential sell signals, indicating an overheated market phase. However, some remain optimistic, with BetIdeas suggesting an 80% chance of BTC hitting $120,000 by 2025. Traders on the platform are even betting on a 22% chance of BTC reaching $200,000 before year-end.

Others, like Daan Crypto Trades and Michaël van de Poppe, view the current market conditions as a regular consolidation and correction.