Bitcoin at a Crossroads: Is $70,000 or $150,000 Next?
Bitcoin hovered around $88,000 over the weekend, maintaining an eight-day range within a $5,000 corridor as traders anticipated a breakout. Analysts expect a relief rally, with some projecting a surge toward $98,000–$100,000, but warn of a possible sharp decline if certain technical indicators worsen. Historical patterns suggest that crossing of moving averages could trigger a 40%–50% plunge. Some traders predict a bullish breakout within days, potentially attracting FOMO-driven buying, while others suggest fresh all-time highs up to $150,000 using Elliott Wave analysis, though a new macro low may precede this move. On the downside, analysts see increased risk of a correction toward the $70,000–$72,000 zone, as onchain data indicates more BTC entering exchanges, adding to sell pressure. Overall, market sentiment is mixed between expectations for upside breakout and caution over possible sharp corrections.
