Bitcoin (BTC) recently reached an all-time high of over $108,000 but has since declined by more than 15%. While some analysts are worried about a further drop to $85,000, others remain optimistic and suggest that BTC could rebound and reach its peak in the summer of 2025. One analyst, Dave The Wave, highlights that BTC's price trajectory is likely to continue appreciating based on the 52-week simple moving average (SMA) and the Bitcoin logarithmic growth curve (LGC). Historical data shows that BTC tends to peak when the 52-week SMA intersects with the midpoint of the LGC channel. The current projection places this point in July 2025, aligning with predictions of BTC reaching $200,000 by mid-2025. Other analysts and traders also express confidence in BTC's potential for recovery and reaching new all-time highs. However, there are concerns about a bearish head-and-shoulders pattern forming on the BTC chart, which could potentially drive its price down to $80,000. Currently, BTC is trading at $91,427, down 3.7% in the past 24 hours.



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