Bitcoin just broke the $100,000 barrier for the first time! But is this the start of a massive bull run, or a trap for unsuspecting investors? Let’s look at what some analysts are saying.
Xanrox’s Bearish Outlook
Analyst Xanrox isn’t convinced this is the beginning of a sustained rally. He thinks a continued climb to, say, $600,000 by December 2025 is unrealistic. He predicts a slowdown, and even a correction is needed before Bitcoin can move higher.
He’s not buying Bitcoin right now because there hasn’t been a significant price drop recently. He’s waiting for a “shakeout” – a sudden, sharp price drop – before considering buying. He’s targeting a potential drop to around $85,000. This level, he explains, is a strong support point based on technical analysis (looking at things like trading volume and price gaps).
Xanrox sees the current price surge as a bull trap, particularly the symmetrical triangle pattern on the four-hour chart. He believes this pattern often lures in buyers before a price drop. He expects one last price push to “sweep liquidity” (meaning to absorb remaining sell orders) before the correction.
Martinez’s Bullish Counterpoint
Analyst Ali Martinez disagrees. He thinks a major correction might not happen anytime soon. He points to similarities between the current Bitcoin cycle and those of 2017 and 2020. If this pattern repeats, he predicts Bitcoin won’t see a major correction (15-30%) until it reaches $135,000 or even $159,000. His analysis suggests a potential peak around $240,000.
The Current Situation
At the time of writing, Bitcoin is trading around $102,800, up over 6% in the last 24 hours. Whether it continues its upward trajectory or experiences a significant correction remains to be seen. The opinions of these analysts highlight the uncertainty and volatility inherent in the cryptocurrency market.
