{"id":70734,"date":"2025-06-01T10:00:28","date_gmt":"2025-06-01T10:00:28","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=70734"},"modified":"2025-06-01T10:00:28","modified_gmt":"2025-06-01T10:00:28","slug":"bitcoin-still-bullish-but-200000-off-the-table-and-137000-in-sight","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=70734","title":{"rendered":"Bitcoin Still Bullish, But $200,000 Off The Table And $137,000 In Sight"},"content":{"rendered":"

Bitcoin\u2019s price action has drawn a sharp dividing line between long-term bullish <\/a>expectations and short-term reality. <\/a>After peaking above $111,000 in May, the Bitcoin price has entered a retracement phase and is now trading below $105,000. While some interpret the current downturn as a sign of a weakening trend, others see it as a textbook bullish correction.\u00a0<\/a><\/p>\n

Among them is crypto analyst MasterAnanda, whose latest chart suggests that Bitcoin is structurally strong enough to reach new highs, but it might fall short of the speculated $200,000 price target this cycle.<\/p>\n

MasterAnanda Predicts Higher Low And $137,000 Target<\/h2>\n

In his TradingView post<\/a>, MasterAnanda stated clearly that Bitcoin is still in a bullish structure, but he believes a $200,000 peak is out of reach for this cycle. Instead, he identified $137,000 as the more realistic upside target when Bitcoin finally rebounds from the ongoing correction<\/a>. <\/p>\n

According to the analyst, the formation of a higher low on the larger time frame will be an important confirmation that Bitcoin\u2019s macro uptrend remains intact. He outlined $88,888.88 as an ideal retracement level to make this perfect higher low, because it aligns with the 0.618 Fibonacci level and comes in well above the prior bottom at $74,500<\/a> on April 7.<\/p>\n

Despite the current sell-off, MasterAnanda argues that the broader trend is healthy. \u201cBitcoin will never ever trade below $80,000 in its history again,\u201d he declared, ruling out any deep reversal below the prior low. <\/p>\n

On the other hand, the analyst also noted that if Bitcoin holds above $100,000 to $102,000, this retracement would be considered minor, with price action still classified as bullish continuation rather than a breakdown.<\/p>\n

If Bitcoin bulls manage to keep prices trading above that area, it would suggest the current move is nothing more than a short-term dip. When that moment arrives, the bias will shift from short to long, and a rally to $137,000. However, a clean break below the $100,000 price level would mark a significant shift in how long Bitcoin reaches new highs.<\/p>\n\n

Chart From TradingView:<\/a> MasterAnanda<\/p>\n

RLinda Echoes $101,000 Support For Bitcoin<\/h2>\n

Adding to the analysis, another trader, RLinda, shared a 4-hour chart perspective<\/a> showing how Bitcoin is currently in a fragile recovery path. She agrees that Bitcoin is still operating within a bullish context, but flagged the $102,000 and $101,400 zones as vital structural supports. <\/p>\n

Her chart suggests that the false breakout at the key $110,000 resistance level is the end of the recent rally leg, and the current decline could be a liquidity-driven correction rather than a complete reversal of the bullish trend.<\/p>\n

Furthermore, RLinda\u2019s analysis shows that Bitcoin has exited its upward channel<\/a>. The outcome, she said, will depend heavily on whether support levels at $102,000 and $101,400 can hold. A bounce from these levels could lead to a retest of the $106,000 to $108,000 resistance zone, where market direction may become clearer. If bulls fail to hold $101,000, it could invite a more dramatic sell-off that pushes the Bitcoin price toward a local bottom or even deeper.<\/p>\n\n

Chart Image From TradingView<\/a>: RLinda<\/p>\n

Together, both analysts agree on one thing: Bitcoin\u2019s current correction is not yet a full collapse. At the time of writing, Bitcoin is trading at $104,290, up by 0.5% in the past 24 hours.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price action has drawn a sharp dividing line between long-term bullish expectations and short-term reality. After peaking above $111,000 in May, the Bitcoin price has entered a retracement phase and is now trading below $105,000. While some interpret the current downturn as a sign of a weakening trend, others see it as a textbook […]<\/p>\n","protected":false},"author":0,"featured_media":70735,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-70734","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\/70734"}],"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=70734"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/70734\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/70735"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}