[Analysis: Bitcoin is expected to rise to $110,000, but may fall below $40,000 first] Golden Finance reported that according to analysis by crypto analysts Titan of Crypto and Elja Boom, the price of Bitcoin (BTC) is expected to reach $11 in 2025. million dollars. Titan of Crypto notes that Bitcoin is forming a “cup-and-handle” pattern, a bullish chart pattern that suggests price increases may occur in the future. Elja Boom mentioned that once BTC's "inverse head and shoulders" pattern breaks through, it will push the price to exceed $100,000. He predicts that this high will appear in the fourth quarter of 2024 and may reach $100,000 in the first quarter of 2025. Dollar. However, not all analysts are so optimistic. Analyst Magoo PhD warns that Bitcoin may first pull back below $40,000 before a potential rally in 2025. In addition, analyst Mustace believes that even if there is a correction, the market bottom will be around $57,000. According to data from CoinGlass, Bitcoin currently has significant support at $57,000, and a fall below this level could lead to the liquidation of more than $860 million in leveraged short positions. Despite the uncertainty surrounding Bitcoin’s price trajectory, prices are widely expected to break six figures within the next few years.