Yahya 
Despite worries regarding a trend of “lower highs and lower lows” on the BTC price chart, some crypto traders believe that Bitcoin might soar above $110,000 during its next significant rise.
Predictions Amid Price Concerns
In a July 17 post on X, MN Capital founder Michael van de Poppe voiced hope about Bitcoin’s future saying, “The next leg is likely to bring Bitcoin to $110K.” This positive view contrasts with reports from some traders that Bitcoin has been struggling to surpass past highs, with every new peak short of the last.
Veteran trader and analyst Peter Brandt pointed out this trend: “It should be noted that the sequence of lower highs and lower lows continues despite the halving, despite the ETF, despite the hype.”
Factors Influencing Bitcoin’s Volatility
Van de Poppe links the current price volatility of Bitcoin to the difficulties experienced by miners, especially with regard to declining mining payouts after the April halves and increased running expenses. “The true hashrate drawdown at its last low on July 1st was as HEAVy as during the FTX collapse,” he said.
Bitcoin has repeatedly broken the $71,000 barrier but has not yet returned its all-time high of $73,679 on March 13. Not seen since February 28, Bitcoin fell nine straight days below $60,000 in July. CoinMarketCap claims that the asset’s current low of $54,274 on July 5 recorded its lowest price in four months.
Recent Price Rebound and Future Projections
Brandt expressed appreciation for Bitcoin’s recent comeback, as price returned to important support levels and rose to $65,735 on July 17, despite his reservations. Although the course of “the next leg” of Bitcoin’s surge is still unknown, some experts have provided more precise estimates for when the price would hit $100,000.
Vice president of research at Riot Platforms, Pierre Rochard thinks Bitcoin might reach $100,000 before July 2025. “Bitcoin could go to $100,000 over the next 12 months,” Rochard said in a July 17 X post.
On the other hand, crypto trader and investor Marco Johanning offered a more cautious view, speculating objectives around 19% lower and implying that Bitcoin would not reach $100,000 “at least not this time.” “The new low at 53.4k modulates the targets for Bitcoin to 81k or 94k” Johanning said.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.