Bitcoin’s Future: Crash Below $100K or $150K Rally?
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Despite Bitcoin recently hitting a new all-time high of $111,900, analysts offer conflicting predictions. Some warn of a potential crash below $100,000, citing geopolitical tensions (like the Russia-Ukraine conflict), which could drive investors towards safer assets like gold, and modest outflows from Bitcoin ETFs. Analyst Stephan points to a potential drop to $96,765, while Nova, using technical analysis (RSI and MACD indicators showing bearish signals), predicts a decline to $99,000. Kevin Capital urges caution, suggesting that unless Bitcoin reclaims $106,800, further price drops are likely. However, a more bullish outlook exists. Titan of Crypto suggests a potential rally to $135,000 this year, based on a breakout from a descending broadening wedge. Mikybull Crypto anticipates a new all-time high, with $120,000 as a potential target. Veteran trader Peter Brandt even predicts a $150,000 price by late summer 2025. Currently trading around $105,400, Bitcoin's price remains volatile, making predictions uncertain. The conflicting analyses highlight the inherent risk and reward in the cryptocurrency market, emphasizing the need for careful consideration before investing.
(Source: https://www.newsbtc.com/news/bitcoin/bitcoin-crash-below-100000/)
