Bitcoin ($BTC ) is inching closer to the pivotal $100,000 mark, fueling bullish sentiment among prominent crypto analysts. However, while recent upward trends have bolstered investor confidence, experts advise caution, warning of a potential market correction.
Altcoin Sherpa, a widely followed crypto analyst on X, emphasized that despite Bitcoin’s strong momentum, a price pullback is inevitable—though its timing and severity remain uncertain. He maintained an overall positive outlook, stating, “A downturn will happen eventually, but the chart still looks bullish.”
Sherpa outlined two possible scenarios for Bitcoin trajectory:
1. A sustained rally pushing prices beyond $100,000.
2. A short-term correction followed by renewed upward movement.
Notably, $BTC recently broke through a critical resistance zone, which could now act as a support level. This technical shift suggests further gains if the price holds above this threshold. Sherpa highlighted the importance of monitoring market behavior in the coming days, noting, “$BTC might continue climbing before any significant drop occurs.”
As anticipation builds, traders are urged to stay vigilant, balancing optimism with preparedness for volatility.
