Bitcoin Predicted to Hit $140,000 Before Potential Crash to $60,000

Crypto analyst Andrea predicts a potential scenario for Bitcoin over the next three months, suggesting a possible crash to $60,000 by mid-2026. Before this, BTC is expected to rally to new highs.

Key Points:

Andrea projects an end-of-year rally for BTC to at least $115,000-$116,000, potentially reaching $135,000-$140,000, marking new all-time highs.
The rally might occur with decreasing BTC dominance as altcoins outperform.
Andrea's projection follows Bitcoin recently dropping below $90,000, a seven-month low.
Veteran trader Peter Brandt suggests further declines to $58,000 are possible, questioning if this indicates a bear market.
Crypto analyst Colin notes BTC broke down from a megaphone pattern; without quick recovery, it may enter a bear market.
If BTC reclaims the 50-week moving average soon, it could signal a bullish trend. Otherwise, a bear market or bigger correction seems likely.

Currently, Bitcoin trades around $93,000, up nearly 2% in the last 24 hours according to CoinMarketCap.