Bitcoin Price Could Crash to $100,000 or Rally to $122,000

Crypto analyst Mark Cullen outlined potential price movements for Bitcoin (BTC), which could either fall to $100,000 or rise to $122,000, near its all-time high of $123,000.

Key Points from Cullen's Analysis

BTC is navigating an inefficient area between previous weekly ranges.
A breakout above $116,000 could establish a bullish trend, paving the way for a rally towards $122,000.
If BTC fails to reclaim $112,000 and drops below the weekend low at $111,000, it may decline to $100,000.

Arthur Hayes, co-founder of BitMEX, also predicts a potential drop to $100,000, citing low liquidity as a contributing factor.

Further Downside Risks

Analyst Ali Martinez suggests BTC could fall to $95,000 if historical trends repeat, following past RSI corrections of 20% to 30%.
The $112,000 level is critical; failure to hold this may indicate further bearish momentum.

Currently, BTC is trading around $114,000, reflecting a decline in the last 24 hours.

Bitcoin Price Chart