Crypto users are split on Bitcoin’s next move, uncertain whether it will soar to a new all-time high or fall back below the key $100,000 level, as the broader market remains in a sideways trend, according to a recent poll on X.
In a poll conducted Thursday by crypto analyst Matthew Hyland, over 1,300 participants weighed in on whether BTC is headed for $94,000 or $114,000. The results were nearly evenly divided, with 50.2% predicting a dip to $94,000 and 49.8% anticipating a rally to $114,000.
Sideways Market Dampens Crypto Sentiment
Bitcoin is currently trading at $104,522. A drop to $94,000 would represent a 10% decline, while a climb to $114,000 would mark a 9% gain and set a new all-time high, surpassing the previous record of $111,940 reached on May 22, according to CoinMarketCap data.
The last time Bitcoin touched the $94,000 mark was on May 6, just days before it reclaimed the $100,000 level on May 8 for the first time in three months.
Bitcoin briefly surged past $110,000 on June 11, sparking renewed optimism for fresh all-time highs. However, rising geopolitical tensions—following Israeli airstrikes on Iran last Thursday—quickly dragged the price down to $103,000.
The situation has continued to escalate, with U.S. President Donald Trump demanding Iran’s “unconditional surrender” and issuing threats against Supreme Leader Ayatollah Ali Khamenei.
This prolonged sideways movement has weighed heavily on overall crypto market sentiment. In its June 20 update, the Crypto Fear & Greed Index shifted from “Greed” back to “Neutral,” registering a score of 54 out of 100.
Broader Financial Markets Remain Stuck in Sideways Trend
The S&P 500 has been trading flat, slipping 0.48% over the past five trading days as of June 18, according to Google Finance data.
Shares of Michael Saylor’s MicroStrategy (MSTR) have also taken a hit, falling 2.43% over the same period and 10.74% over the past 30 days.
Despite the muted market action, U.S.-based spot Bitcoin exchange-traded funds (ETFs) continue to attract capital. On Wednesday alone, they saw $388.3 million in inflows—marking eight consecutive days of positive inflows.
Bitcoiners Question Whether Bear Markets Still Exist
On June 10, Michael Saylor confidently declared that the bear market is over for Bitcoin—but not everyone agrees. Crypto trader Rekt Capital recently countered, stating, “It’s very likely one will occur after this Bull Market.”
Meanwhile, some analysts are eyeing higher targets in the near term, with predictions that Bitcoin could trade between $130,000 and $135,000 in the third quarter.
BitMEX co-founder Arthur Hayes remains especially bullish, projecting that Bitcoin could hit $250,000 by year’s end.
