Bitcoin Price Prediction: Can the Correction Hold or Will Bulls Take Over?
Bitcoin remains in a correction phase with key support levels holding. Analysts weigh in on bullish and bearish scenarios as the market moves sideways.
Crypto Laddin
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Bitcoin Price Prediction: Bullish and Bearish Scenarios Explained
Bitcoin's price remained calm over the weekend, moving sideways without any major breakout or breakdown. The market continues in a correction phase that began after the May highs.
While some traders speculated a triangle pattern might form, there is currently no confirmation of that. Bitcoin’s short-term support levels are holding, but slight downward pressure continues.
Bearish Outlook:
The current correction may continue toward the key support range of $99,200 to $92,800. If these levels fail, a further decline toward $81,340 is possible, which could put the long-term bull market at risk.
Bullish Outlook:
If Bitcoin stays above this key zone, the overall uptrend remains intact. Once the correction ends, analysts expect a potential surge toward $130,000, with $190,000 as a longer-term bullish target.
For now, the price must break above $108,822 to confirm a short-term bullish reversal.
