CandleFocus Bitcoin Price Breakout Scenarios – $140K Or $60K?
2025-03-10
Author: Content Editor
Bitcoin's price movement is currently in a critical range, with traders eyeing two possible scenarios. Crypto analyst Big Mike sees two potential outcomes, one being a surge past $95,000 that could push BTC to $140,000, and the other being a dip to $72,895 before resuming an uptrend. Big Mike emphasizes that a breakout above $95,000 would trigger a move towards his target of $130,000-$140,000, while a dip below $78,000 would test $72,000 before potentially reaching $140,000. However, not all analysts share this bullish sentiment, with TradingView analyst Alixjey predicting a potential crash to $63,000 if Bitcoin fails to break past $99,500. The recent drop in Bitcoin's price below $90,000 surprised many traders expecting a continued rally. President Donald Trump's executive order establishing a U.S. strategic Bitcoin reserve has also added to the volatility, with some seeing it as a long-term bullish signal while others were disappointed. The current range between $72,000 and $95,000 is critical, and analysts remain divided on whether BTC is on the verge of a rally or a major correction.
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