Bitcoin (BTC) is making traders nervous again, as it stays around $105,000. Some experts believe it could soar to $175,000, while others warn it might drop below $80,000 if things go wrong.
🚀 The Bullish Side: Hope for $175K
Some crypto analysts are very hopeful.
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Egrag Crypto, a popular chart expert, says Bitcoin could jump 102% based on past bull market patterns. That would push BTC up to $175,000.
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He points out that previous wars or market shocks didn’t stop Bitcoin for long. For example, after recent conflicts in the Middle East, BTC dropped but bounced back quickly.
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Another analyst, DeFiTracer, said similar war dips in 2024 led to big gains (48% and 74%). He believes the recent small dip in June could be the start of another big rally.
🐻 The Bearish Side: Warnings of a Drop
But not everyone agrees with the bullish outlook.
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Ali Martinez, a respected analyst, is warning that Bitcoin could fall if it doesn’t hold support at $100K.
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He pointed out that whales (big investors) sold 30,000 BTC last week.
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If support breaks, BTC could fall to $78,500.
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Michaël van de Poppe said BTC failed to stay above $106K. He thinks it could either:
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Drop under $100K (good for buyers), or
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Bounce from $102,500 if bulls take control.
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Axel Adler Jr. also noticed that the OBV (a volume indicator) is still weak, suggesting the current price rise may not last.
⚖️ What’s Next?
Bitcoin is at a turning point. Bulls want it to rally to $175K, but bears are watching for a breakdown. Whether it booms or busts may depend on investor confidence, whale moves, and how the market reacts in the next few weeks.
Disclaimer: This article is only for
information and not financial advice. The opinions shared here may be the
writer’s personal views. Please do your own research before making any
investment choices. We are not responsible for any money you may lose.
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