Can Bitcoin Break Through the $100,000 Mark? Market Experts Warn: A Major Crash May Be Inevitable!

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As Bitcoin (BTC) struggles to reclaim the resistance level of $100,000, market experts warn that BTC may face a significant correction, with a risk of dropping to $60,000. Although Bitcoin once broke through $108,000 to set a historic high, the subsequent sell-off has raised the possibility of it falling below $90,000.

Current Trends and Challenges of Bitcoin

Analyst MFHoz points out that Bitcoin's upward trend seems to be nearing its end. After breaking through the ascending triangle pattern and setting a new high, Bitcoin sharply reversed, suggesting it may enter a downward channel. He predicts that BTC could drop to the range of $18,000 to $20,000 and advises investors to pay attention to the support level of $60,000, which could be key to preventing further declines.

Legendary Trader Peter Brandt's Bearish Outlook

Famous trader Peter Brandt has also expressed a similar bearish view. He believes that Bitcoin is experiencing a typical “hump-shaped crash and surge pattern,” with the current price movements aligning with this cyclical volatility. Brandt notes that BTC has entered the “sell-off” phase, and if the key support level of $88,605 is breached, the price could decline further.

Long-Term Prospects: Could Trump's Policies Propel BTC to New Highs?

Despite the prevailing bearish sentiment in the short term, some analysts remain optimistic about Bitcoin's long-term prospects. With Trump's second term approaching, cryptocurrency-friendly policies may be introduced, and analysts predict this will drive Bitcoin's price higher. Anonymous analyst Thescalpingpro believes that Bitcoin could replicate the surge seen in early 2024 in the first quarter of 2025, breaking through the $135,000 to $150,000 range.

Bitcoin Price Analysis

As of now, Bitcoin's trading price is $94,920, having slightly increased by about 0.33% in the past 24 hours. If it breaks through the resistance zones of $95,000 and $97,000, Bitcoin is expected to challenge the $100,000 mark again. However, if it falls below the support level of $92,000, BTC may face greater downside risks, potentially dropping to the $60,000 range.

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