BTC Price Prediction: Will Bitcoin Hold or Plunge? The Market Consensus Revealed

Bitcoin traders are deeply polarized on the next major move, with predictions spanning from euphoric highs near $150,000 to potentially severe lows around $70,000. The largest cryptocurrency has been trading sideways in an $88,000 range for over a week now—a period that historically precedes significant volatility.

The Bullish Case: Relief Rally or Full Moon Shot?

Several technical analysts see the current consolidation as a setup for upside momentum. Ted Pillows notes that Bitcoin’s Relative Strength Index (RSI) is showing bearish divergence patterns similar to those observed during the 2021 bull run, which preceded explosive rallies. His base case suggests a move toward $98,000-$100,000 before potentially testing fresh all-time highs.

Captain Faibik believes the narrow trading range is likely to snap violently to the upside, triggering FOMO-driven buying that could accelerate prices sharply higher. Trader Korinek_Trades takes an even more aggressive stance, applying Elliott Wave analysis to project Bitcoin reaching $150,000 as it completes a five-wave bullish structure.

The technical setup appears stretched, with the 100-week exponential moving average approaching a critical inflection point—historically a catalyst for substantial price moves.

The Bear Trap: Downside Risk to $70K Lingers

Not everyone is convinced Bitcoin breaks up. CryptoQuant analysts warn that strong institutional capital flows into major exchanges could actually intensify selling pressure rather than fuel rallies. These inflows, coupled with demand zones between $70,000-$72,000, suggest the market could undergo corrective selling back to levels untested for over a year.

This dynamic creates an asymmetric risk picture: demand sits lower, but upside technical setups look increasingly stretched. The question isn’t just where Bitcoin goes, but whether the move happens now or later—a distinction that matters significantly for traders managing entries around current $91.63K levels.

The Bottom Line

Bitcoin remains at an inflection point with no clear directional bias emerging yet. Whether measured in EUR to BTC conversion ratios or traditional USD terms, the setup screams for volatility. Position accordingly—the next $20,000 move could come in either direction once this consolidation breaks.