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    Home»Regulation»Bitcoin Traders Discuss the Future Direction of BTC Prices: Will it Reach $60K or $140K?
    Regulation

    Bitcoin Traders Discuss the Future Direction of BTC Prices: Will it Reach $60K or $140K?

    Ethan CarterBy Ethan CarterSeptember 27, 2025No Comments3 Mins Read
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    Key takeaways:

    • Bitcoin price charts from 2021 suggest a potential drop to $60,000 if past trends hold true.

    • Bulls are optimistic that support at $104,000 will endure, eyeing targets of $140,000 or more.

    Bitcoin (BTC) has fallen over 12.75% from its all-time high of more than $124,500, dividing traders into two distinct camps.

    Some view it as a typical bull market correction, while others warn of the onset of a new bear cycle. But who has the stronger case?

    Bitcoin 2021 chart fractals point to $60,000

    Various analyses indicate Bitcoin might replicate the price movement that indicated the 2021 market peak.

    Crypto analyst Reflection notes that in 2021, BTC experienced a significant rally to record highs, followed by a blow-off top, a correction to mid-range support, and a failed resistance retest.

    This series of events led to a crash of over 50%, dropping Bitcoin from nearly $69,000 to around $32,000 in just weeks.

    01998645 3548 75ab 9410 44a273adb997
    BTC/USD two-day price chart. Source: Reflection/TradingView

    Bitcoin’s current structure mirrors that same four-step pattern, with BTC lingering just below a comparable distribution zone that marked the bearish turn in 2021.

    The cryptocurrency may face a similar rejection if this fractal remains intact.

    Additionally, on the weekly chart, Bitcoin has broken under a rising wedge, a bearish trend characterized by higher highs and lows within narrowing trendlines.

    01998652 131a 7794 aec3 8c6bce9d33ca
    BTC/USD weekly price chart. Source: TradingView

    This breakdown increases the risk of a decline to the $60,000–$62,000 range, which coincides with the 200-week exponential moving average (200-week EMA; blue wave). Some analysts even predict Bitcoin might drop to $50,000.

    Notably, a similar wedge breakdown in 2021 resulted in a 55% plunge down to the same 200-week EMA support.

    Bitcoin might bounce back above $124,500

    Not everyone foresees a broad downturn in the Bitcoin market, however.

    Trader Jesse points out a cluster formed by BTC’s 200-day simple and exponential moving averages that acts as support during bull market corrections, suggesting that the crypto may find a “mid-term bottom” there.

    0199869e c648 74f4 b7d5 307ce3fd924c
    BTC/USD daily price chart. Source: Jesse/TradingView

    As of Friday, this EMA price floor was around the $104,000-106,000 range.

    Related: Bitcoin must hit $104K to repeat past bull market dips: Research

    Analyst Bitbull argues that Bitcoin is still far from reaching a true cycle top, noting that the US Business Cycle, a broad measure of economic momentum, has yet to peak, which usually occurs prior to market downturns.

    019986a4 43f8 70c1 b587 7932c7a0b2e0
    BTC/USD weekly price chart. Source: Bitbull/TradingView

    With the Federal Reserve currently cutting interest rates, Bitbull believes that crypto could still enjoy another three to four months of upside before a potential “blow-off top.”

    Indicators of bullish continuation strengthen the argument for Bitcoin rising as high as $140,000, according to analyst Captain Faibik.

    He posits that the current dip serves as a “healthy correction,” with BTC retesting its 200-day moving average around $104,000 as a potential support level.

    019986ad 471b 7b0f 80c1 f19d494d1002
    BTC/USD daily price chart. Source: Captain Faibik/TradingView

    Faibik highlights the formation of a possible bull flag; in this scenario, a decisive move above the $113,000 resistance could confirm the breakout, paving the way for a rally towards $140,000 in the coming months.

    Many analysts have forecasted similar year-end targets for Bitcoin previously, with some even predicting macro BTC peaks in the $150,000-200,000 range.

    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.