After the unsuccessful attempt of Bitcoin to break the $109,000 level, participants in the crypto community are pondering whether the cryptocurrency has the strength to resume the bull run.

The BeInCrypto editorial team has gathered in one review the Bitcoin forecast from representatives of the crypto industry. We discuss the arguments presented by optimists and pessimists in defense of their opinions.

On Monday evening, Bitcoin nearly approached $109,000 amid recovery from the shock of news about the escalation of the conflict in the Middle East. After that, the cryptocurrency briefly corrected to $106,000. At the time of writing this review, Bitcoin has recovered to $107,340.

Opinions among participants in the crypto community about what lies ahead for Bitcoin are divided. Analyst MartyParty believes that the chart of the cryptocurrency shows Wyckoff accumulation. According to his observations, the technical analysis figure is in its final phase, which could lead Bitcoin to new highs close to $130,000. Judging by the timing indicated on the chart, the analyst expects the level to be reached by the end of June 2025.