★The price movement of Bitcoin has drawn a clear dividing line between long-term bullish expectations and short-term reality. After peaking above $111,000 in May, the price of Bitcoin entered a correction phase and is now trading below $105,000. While some interpret the current pullback as a sign of a downward trend, others see it as a typical bullish correction.

★In his post on TradingView, Master Ananda clearly stated that Bitcoin is still in a bullish trend, but he believes that the peak of $200,000 is out of reach in this cycle. Instead, he identified $137,000 as a more realistic bullish target when Bitcoin finally recovers from the ongoing correction.

On the other hand, the analyst also pointed out that if Bitcoin maintains its price above $100,000 or $102,000, this pullback would be considered minor, with the price movement continuing to be classified as bullish continuation rather than a collapse.

★If Bitcoin optimists succeed in keeping prices above that area, it would indicate that the current movement is just a short-term decline. At that moment, the trend would shift from short to long-term, and a rise to $137,000 would be expected. However, a clear breakthrough below the $100,000 price level would represent a significant shift in the timeframe for Bitcoin to reach new all-time highs.

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