Traders and analysts closely watch Bitcoin as the price hovers around $96,220. A potential breakout above $106,000 could lead to a new rally despite short-term risks.
Current Market Levels
Analysts are divided on Bitcoin's future trajectory. Some believe a breakout above $106,000 could spark new gains, while others warn of a drop below $92,000–$94,000, potentially opening the door to $85,000 or lower.
Bullish Sentiment Amid Risks
Pentoshi maintains a bullish outlook, noting Bitcoin's prolonged consolidation within its current range without a significant drop. However, not all traders are equally confident. BitMEX co-founder Arthur Hayes warns of a possible pullback to the $70,000–$75,000 range. Trader Mister Crypto is waiting for signals to initiate a major trade around $90,000.
Bitcoin's Long-Term Potential
While short-term action remains uncertain, some analysts focus on Bitcoin's long-term potential. ARK Invest CEO Cathie Wood reiterated her optimism for Bitcoin reaching $1.5 million by 2030 due to growing institutional adoption. Trader AshCrypto expects a new all-time high by March based on historical data.
Traders and analysts continue to present varied forecasts on Bitcoin's price movement, ranging from short-term fluctuations to ambitious long-term targets.
