Bitcoin traders debate where the price of BTC is headed next: $60k or $140k?

The key takeaways:

• Bitcoin prices charts dating back to 2021 indicate that if the past repeats itself, bitcoin prices could fall as low as $60,000

• Bulls target $140,000 as their targets, and see support at $104,000.

BitcoinBTC( has declined by over 12.75% since its high of $124.500. This is dividing traders in two.

Some see it as just a normal bull market correction while others say that the new bear cycle is underway. Which side is right?

Bitcoin 2021 chart Fractals Hint at $60,000.

According to multiple analysts, Bitcoin may repeat the price trend that predicted the 2021 top of the market.

Crypto analyst Reflection The report points out that BTC had a strong rally in 2021 to new highs. This was followed by an abrupt blow-off, then a corrective correction back into the mid-range, and finally, a failed attempt at resistance.

This sequence of actions triggered a crash by more than 50%, sending Bitcoin down from almost $69,000 to about $32,000 within just a few weeks.

Bitcoin’s new 2025 structure echoes the four-step bearish process of 2021. BTC now hovers just above a distribution zone similar to that which marked that year’s bearish shift.

If the fractal is still valid, then cryptocurrency faces a similar risk.

Bitcoin’s weekly chart has also broken down below the a rising wedgeA bearish pattern of highs and lowers in a trendline that is narrowing.

The breakdown raises the risk of a decline to the $60,000–$62,000 zone, which overlaps with the 200-week exponential moving average (200-week EMA; blue wave). Many analysts predict that it will even be higher. BTC price will drop toward $50,000.

A similar wedge collapse that occurred in 2021 triggered a correction of 55% down to the 200-week EMA.

Bitcoin could recover up to $124,500

But not all expect a larger decline in the Bitcoin markets.

Jesse the Trader highlights According to the report, the cluster is formed by BTC’s 200-day exponential and simple moving averages. It acts as a support when bull markets are in decline. “mid-term bottom” there.

On Friday, the EMA floor price was approximately $104,000-106,000.

Related: Bitcoin must hit $104K to repeat past bull market dips: Research

Expert Bitbull says Bitcoin has not yet reached a cycle peak, as the US Business Cycle – a measure of overall economic strength – isn’t at its maximum, usually before the markets crash.

Then, you can use the Federal Reserve now cutting interest ratesBitbull thinks crypto will still be able to have three or four more months of growth before it reaches a possible “blow-off top.”

According to an analyst, signs of bullish continued strengthen the case for Bitcoin reaching as high as $144,000. Captain Faibik.

He believes that this current decline is an aberration. “healthy correction,” BTC’s 200-day moving median near $104,000 could be a potential support.

Faibik warns of the rise of a new threat bull flag. If the resistance level of $113,000 is decisively moved above, it could signal the break-out, opening up the possibility for a surge to $140,000 within the next few months.

There are many analysts who have predicted similar year-end targets Bitcoins in the recent past. Some even prefer Bitcoin macro BTC tops in the $150,000-200,000 range.

The article is not intended to provide investment advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.