SHARP SELL-OFFS IN BITCOIN: ANALYST VIEWS

#BTC Stuck in Range, Can It Break $100K?
Bitcoin started the new week by testing the $96,000 level, but it fell below $93,000 due to intense selling pressure at this resistance point. Last week, Bitcoin rose to $102,000 and then dropped to $91,200, showing a partial recovery towards the end of the week. The altcoin market also experienced a similar decline; Ethereum fell below $3,200, while major altcoins like Cardano (ADA) and Avalanche (AVAX) saw losses of up to 7%.
Analyst Peter Brandt predicts that Bitcoin could fall to $73,018 after consolidating at current levels. Another analyst, Ali Martinez, states that Bitcoin's consolidation at $95,000 could indicate two different scenarios: if the bull flag formation is completed, the price could rise to $140,000, but if a head and shoulders formation occurs, it could drop to $67,000.
There are different views on long-term forecasts. While Standard Chartered predicts that Bitcoin could reach $200,000 by 2025, some analysts suggest that the price could go up to $300,000. Bernstein analysts, on the other hand, estimate that Bitcoin could reach $200,000 by the end of 2025, $500,000 by 2029, and $1 million by 2033.
As a result, while short-term fluctuations and uncertainties continue in the Bitcoin market, there is an optimistic atmosphere in long-term expectations. It is recommended that investors closely monitor market dynamics and give importance to risk management.
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