Bitcoin to $60K or $140K? Traders at odds over where BTC price goes next

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Key takeaways:

  • Bitcoin price charts from 2021 hint at a crash toward $60,000 if history repeats. Oh, joy.

  • Bulls see $104,000 support holding, with targets at $140,000 or higher. Because why not aim for the stars? 🚀

Ah, Bitcoin. Once flying high above $124,500, now plummeting like a rock. This has split traders into two glorious camps: those thinking this is just a minor bull market hiccup, and those convinced a bear apocalypse is about to unfold. Which side’s more deluded? Let’s see.

Bitcoin 2021 chart fractals hint at $60,000

Some crypto wizardry is afoot, as experts claim Bitcoin might be on the verge of repeating the eerie pattern that led to the 2021 crash. Welcome to déjà vu land, my friends.

Crypto analyst Reflection (because nothing screams credibility like a name that sounds like it was pulled from a self-help book) points out that in 2021, BTC had this wild ride-sharp rallies, blow-off tops, and a nosedive toward doom. Sound familiar?

That sequence resulted in a glorious 50%-plus crash, dropping Bitcoin from the lofty $69,000 to a humble $32,000. Truly poetic. 😎

Fast forward to 2025, and Bitcoin is again lurking just below the same ominous distribution zone that marked the 2021 bearish breakdown. History repeats, or so the charts scream.

Meanwhile, on the weekly chart, Bitcoin is flashing a “rising wedge” pattern. Fancy talk for “it’s probably about to fall.” 🙄

If that holds, Bitcoin may plummet to the $60,000-$62,000 zone, dancing with the 200-week EMA like a gloomy waltz. Some even predict it’ll fall to $50,000. Hold onto your hats. đŸŽ©

It’s worth noting that a similar collapse in 2021 triggered a 55% dive into the abyss, landing at the 200-week EMA. So if you like nostalgia, this might just be your moment.

Bitcoin may recover to over $124,500

But wait-don’t count Bitcoin out just yet. There’s always another theory for every investor’s hopes and dreams. 🌈

Trader Jesse (because why not?) points out that Bitcoin’s 200-day moving averages might serve as support during dips. So, while the world burns, BTC could just form a “mid-term bottom” at the cozy $104,000-$106,000 range. Who needs stability anyway? 😅

Analyst Bitbull (yes, Bitbull) chimes in, claiming that Bitcoin is nowhere near the peak of its cycle. The US Business Cycle hasn’t peaked, and markets only collapse after that. Don’t you just love a good economic theory?

With the Fed slashing interest rates, Bitbull is convinced Bitcoin has another 3-4 months of partying left before it “blows off” like a firecracker. Kaboom! 🎆

And here comes Captain Faibik, swooping in with his bullish flag. He believes that this “healthy correction” could lead to Bitcoin rocketing past $140,000, provided it clears the $113,000 resistance. It’s like a game of high-stakes poker, except the stakes are a digital currency and the players are all secretly hoping for a miracle.

Many analysts have predicted these same sky-high targets for Bitcoin before. Some even dream of it hitting $150,000-$200,000 by year-end. If this keeps up, we might as well all start printing our own coins at this rate.

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2025-09-27 10:04