Cryptocurrency users are divided into whether Bitcoin will enhance to the highest all time, or will fall below the key level of 100,000 USD again, because the wider market trads sideways, according to the latest survey on X.
Cryptographic Pundit asked what would happen next for Bitcoin (BTC) – USD 94,000 or USD 114,000 – divided almost evenly, with 50.2% predicted a decrease to USD 94,000 and 49.8%, expects up to USD 114,000, According to To the survey on Thursday by a cryptographic analyst Matthew Hyland, who collected over 1,300 votes.
Sideways Mark
Bitcoin is currently trading at USD 104,522, and a decrease to USD 94,000 would mean a 10% decrease, while an enhance of up to USD 114,000 would mean about 9% profit and a novel highest in history, exceeding the previous level of USD 111,940 USD 22, May 22, 22 May According to For Coinmarketcap data.
Bitcoin did not affect the level of $ 94,000 from May 6, shortly before breaking over $ 100,000 on May 8 for the first time in three months.
After Bitcoin briefly recovered $ 110,000 on June 11, which led to again hope for novel ups. However, escalational geopolitical tensions – caused by Israel introducing Iran raids last Thursday – caused Bitcoin to fall to USD 103,000.
Since then, tension has grown, and US President Donald Trump calls for “unconditional surrender” Iran and threatened the highest leader of Iran, Ayatollah Ali Chamenei.
The ongoing price campaign weakened the overall cryptographic market moods. In the update of June 20 Crypto Fear & Greed Index Reversed from “greed” back to “Neutral”, publishing a score of 54 out of 100.
Wider financial markets are also sideways
S&P 500 is also flat and has fallen by 0.48% in the last five shopping days until June 18, According to To Google Finance Data.
Meanwhile, the shares in the strategy of Michael Saylor (MSTS) have fallen by 2.43% in the same period and 10.74% in the last 30 days.
Related: Bitcoin ‘Destitute Hands “sell 15,000 BTC with a loss: is BTC low below $ 100,000 next?
However, American funds from stock exchanges based in American Bitcoins are still recording influence. The funds recorded $ 388.3 million on Wednesday to make them eight consecutive Fresh Capital days.
Bitcoiners uncertain whether bear markets are still a thing
Saylor said on June 10 that bears would not return to Bitcoin, but other analysts are not so sure. Crypto Trader Rekt Capital he said“It is very likely that the bulls will perform after this market.”
Some cryptocurrency analysts are betting that Bitcoin will trade in the area of USD 130,000–13,000 in Q3.
Bitmex co -founder, Arthur Hayes, hopes that Bitcoin will reach USD 250,000 by the end of this year.
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This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.
