Amid geopolitical tensions and a sideways trend in the crypto market, investors are divided on the future of Bitcoin. According to a survey on the social network X, half of respondents expect Bitcoin to rise to $114,000, while the other half predicts a drop below $100,000.
Bitcoin is currently trading at $104,522. A drop to $94,000 would be a 10% decline, while a rise to $114,000 would be a new all-time high for the cryptocurrency.
Geopolitical Tensions and Their Impact
The escalation of geopolitical tensions has already caused Bitcoin to fall to $103,000. US President Donald Trump’s statement calling for Iran’s surrender has increased tensions and affected the cryptocurrency’s value.
Sideways Trend and Its Consequences
A sideways trend, characterized by the absence of a clear price direction, is negatively affecting the sentiment in the crypto market. The Crypto Fear & Greed Index has moved from Greedy to Neutral, indicating a decline in investor confidence.
Financial Markets and Their Status
The S&P 500 Index is trading unchanged, down 0.48% over the past five days. Michael Saylor’s Strategy shares have fallen 2.43% over the same period.
Spot Funds Flow
Despite the uncertainty, US Bitcoin spot funds continue to see inflows. On Wednesday, $388.3 million in inflows were recorded.
Analyst Forecasts and Opinions
Some analysts believe that the bear market (a period of falling prices) will not return. Others predict that Bitcoin will rise to $130,000-$135,000 in Q3. BitMEX co-founder Arthur Hayes even hopes for a rise to $250,000 by the end of the year.
Investors should take these forecasts and opinions into account, but also be aware of the risks associated with investing in cryptocurrencies.
