#BTC110KToday? $BTC
Possible Bitcoin scenarios....
Bullish scenario: If Bitcoin surpasses $109,154.98, it could head towards new all-time highs, with a theoretical target of $133,800. This scenario is supported by Bitcoin's relative strength against Ethereum and the general market optimism following events such as the easing of geopolitical tensions.
Bearish scenario: A daily close below $97,321.73 could lead to a correction towards $89,230.78, indicating a pause in the upward trend.
Some analysts on X suggest that Bitcoin may be in a correction phase after three consecutive weeks of increases, similar to previous cycles where a -30% correction was followed by rises in altcoins like Ethereum.