Recent polling on X finds crypto market participants divided over whether Bitcoin (BTC) will reach a new all-time high of $114,000 or fall below the $100,000 mark amid a sideways broader market.
In an over 1,300-vote poll conducted on Thursday, crypto analyst Matthew Hyland asked whether BTC would be at $94,000 or $114,000. A slight plurality (50.2%) predicted a move lower to $94,000, while 49.8% expected a rise to $114,000.
Sideways Market Dampens Crypto Sentiment
Bitcoin trades slightly above $104,500. Reaching $114,000 would represent a 9% gain from recent highs and a new all-time high, surpassing the $111,940 peak set on May 22. Falling to $94,000 would mark a 10% decline from current levels.
BTC breached the $100,000 level briefly on June 11 before geopolitical tensions escalated. Following Israel’s airstrikes on Iran, US President Donald Trump issued strong condemnations of Iran. Bitcoin subsequently dropped to $103,000, and overall crypto sentiment is weighed down.
According to CoinMarketCap data, Bitcoin is down 2.09% over the last 30 days. The broader S&P 500 index is also trading flat. The Crypto Fear & Greed Index recently returned to a “Neutral” rating on a 54/100 score.
Conflicting Expert Opinions on Bear Market and Price Targets
The ambiguity extends to predictions about bear markets for Bitcoin. MicroStrategy CEO Michael Saylor previously asserted that a bear market for BTC was concluded, though other analysts differ. Rekt Capital expects a potential bear market “after this Bull Market,” while some analysts anticipate prices within $130,000-$135,000 range for Q3. BitMEX co-founder Arthur Hayes projects BTC reaching $250,000 by year-end.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
