{"id":69524,"date":"2025-05-27T16:00:43","date_gmt":"2025-05-27T16:00:43","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=69524"},"modified":"2025-05-27T16:00:43","modified_gmt":"2025-05-27T16:00:43","slug":"bitcoin-retraces-below-109000-analysts-split-on-future-outlook","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=69524","title":{"rendered":"Bitcoin Retraces Below $109,000: Analysts Split on Future Outlook"},"content":{"rendered":"

The market\u2019s leading crypto, Bitcoin (BTC), has experienced a retracement below the $109,000 mark on Monday, following its recent surge to an all-time high<\/a> (ATH) of $111,800 last week. As the cryptocurrency market reacts to these fluctuations, analysts find themselves divided on BTC\u2019s price future trajectory.<\/p>\n

Bitcoin Could Hit New ATH Of $113,000 This Week<\/h2>\n

Market expert Doctor Profit took to social media platform X (formerly Twitter) to reaffirm his bullish stance, citing <\/a>the recent occurrence of a \u201cGolden Cross\u201d\u2014a technical indicator that has historically signaled significant price increases.\u00a0<\/p>\n

With an accuracy rate of 87.8% on higher time frames, the Golden Cross has flashed only twice in the past two years and has now reappeared. Doctor Profit emphasized its rarity, stating, \u201cThis is a rare and powerful signal that deserves serious attention.\u201d\u00a0<\/p>\n

The expert pointed out during his analysis that the previous instances when the Golden Cross appeared resulted in remarkable price surges<\/a>: in October 2023, Bitcoin jumped from $27,000 to $73,000, representing a 170% gain, and in October 2024, it rose from $63,000 to $109,000, marking a 73% increase.\u00a0<\/p>\n

The expert now anticipates that the Bitcoin price could reach a new all-time high of\u00a0 $113,000 this very same week, citing substantial liquidity in that area and robust momentum in the market.<\/p>\n

Potential Bull Trap In BTC<\/h2>\n

Additionally, Doctor Profit highlighted the significant inflows into Bitcoin exchange-traded funds (ETFs), which are nine times greater than the amount of Bitcoin being mined.\u00a0<\/p>\n

He also pointed to Strategy\u2019s (previously MicroStrategy) ongoing accumulation of Bitcoin with a new purchase made on Monday by the company, suggesting that this trend is constraining supply and creating opportunities for further price appreciation.<\/p>\n

In contrast, fellow analyst Cameron Fous expressed <\/a>a more cautious outlook on X, suggesting that the current price may represent the peak of the 2025 bull run.\u00a0<\/p>\n

He referenced historical price patterns from the previous bull market, asserting that Bitcoin\u2019s recent performance could resemble a \u201cbull trap,\u201d where prices see a sharp decline after reaching a peak.\u00a0<\/p>\n

Fous indicated that signs of a potential reversal could be forming, especially if Bitcoin breaks below the 50-day moving average<\/a> (MA). Despite his caution, he acknowledged that Bitcoin could still rally to between $130,000 and $200,000 in the short term.\u00a0<\/p>\n

He emphasized that while the market remains bullish, top signals often precede trend reversals and cautioned that past behavior should inform present decisions, as market dynamics can shift rapidly.<\/p>\n

When writing, the market\u2019s largest cryptocurrency is trading at approximately $108,739, registering a slight 0.6% retrace in the 24-hour time frame. In total, BTC has retraced little over 3% from its all-time high reached last week.\u00a0<\/p>\n

Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

The market\u2019s leading crypto, Bitcoin (BTC), has experienced a retracement below the $109,000 mark on Monday, following its recent surge to an all-time high (ATH) of $111,800 last week. As the cryptocurrency market reacts to these fluctuations, analysts find themselves divided on BTC\u2019s price future trajectory. Bitcoin Could Hit New ATH Of $113,000 This Week […]<\/p>\n","protected":false},"author":0,"featured_media":69525,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-69524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/69524"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=69524"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/69524\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/69525"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}