#BTC

" #Bitcoin " between $60,000 or $140,000. Where is the next step heading?

Bitcoin has dropped more than 12% from its all-time high of over $124,500, and this decline has sparked a wide debate among analysts about the next destination: will it drop to $60,000 or surge towards $140,000?

🔻 Negative scenario:
A significant resemblance to the 2021 cycle, where Bitcoin rose sharply before a 50% crash.

The break of the (Rising Wedge) pattern increases the likelihood of a drop towards $60,000–$62,000, with more pessimistic forecasts reaching $50,000.

🚀 Positive scenario:
Strong support is seen at levels of 104–106 thousand dollars.

With the reduction of American interest rates, analysts believe that the market still has 3–4 months of upward movement ahead.

Breaking the resistance of 113,000 may open the way for Bitcoin towards 140,000 dollars and possibly more.

⚖️The market is divided between those who believe this is the beginning of a new bearish cycle and those who see it as merely a healthy correction within a larger uptrend.
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