Bitcoin's historical price movements offer a fascinating study of boom and bust cycles. Looking back, the 2017-18 correction saw BTC plummet from its then-peak of $18,000 to a low of $3,500. In 2021, it experienced two significant corrections: from $64,500 to below $30,000, and later from $68,000 to $18,000. Fast forward to 2024, and Bitcoin has seemingly formed an almost triple top without a major correction, suggesting a potentially bearish outlook.

Analyzing this pattern, a plausible scenario emerges where Bitcoin could be more likely to range between $40,000 and $45,000 rather than surging to $100,000. The cyclical nature of the market and the historical tendency for substantial pullbacks post-peak provide compelling reasons for this perspective. Moreover, as institutional players have increasingly become involved, their potential withdrawal could trigger significant market movements.

Given these factors, while the dream of Bitcoin hitting $100,000 remains alive, the immediate trajectory might see it testing the lower support levels first. The market's narrative often mirrors past trends, and without substantial new catalysts, BTC's path to $100,000 might face substantial resistance and corrections along the way.