🤔 $94K or $114K? Bitcoin Traders Split as BTC Moves Sideways

A split poll reveals Bitcoiners are equally torn between a bullish breakout and a bearish dip as BTC lingers near $104K.

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⚖️ Bitcoin Poll Reveals Trader Uncertainty

As Bitcoin hovers around $104,522, a recent Twitter/X poll by crypto analyst Matthew Hyland captured the mood of the market. Out of over 1,300 votes:

  • 50.2% expect a drop to $94,000
  • 49.8% are betting on a rise to $114,000

That narrow split reveals just how uncertain and polarized market sentiment is in mid-2025.

📉 A Dip to $94K Would Be a 10% Drop

A drop to $94K would be a 10% pullback from current levels—bringing BTC back to where it last traded on May 6. It would also mark a deeper return below the psychological $100,000 support, which Bitcoin reclaimed on May 8 after months below it.

Conversely, a rise to $114,000 would be a 9% gain, setting a new all-time high, surpassing the current peak of $111,940 from May 22.

🌐 Geopolitical Tensions Weigh on Crypto

Bitcoin's sideways movement is being influenced by rising geopolitical tensions. Recent Israeli airstrikes on Iran and aggressive statements by U.S. President Donald Trump have kept markets on edge.

This turmoil led to BTC dropping from $110,000 to $103,000 last week—despite strong ETF inflows and a brief surge in buying optimism.

📉 Sentiment Turns Neutral as Fear Creeps Back

According to the Crypto Fear & Greed Index, sentiment has shifted from Greed back to Neutral with a score of 54, reflecting uncertainty and cooling momentum.

Traditional markets are also tepid:

  • S&P 500 is down 0.48% over the past five days
  • MicroStrategy (MSTR) shares are down 10.74% over the past 30 days

💸 ETFs Still Seeing Inflows

Despite macro hesitations, U.S. spot Bitcoin ETFs continue to attract capital. On June 19, they saw $388.3 million in inflows, marking eight straight days of gains.

This trend shows that institutional conviction remains strong, even as retail sentiment wavers.

🔮 Where to Next? $130K, $250K, or a Pullback?

Some analysts forecast BTC in the $130K–$135K range by Q3. Others, like Arthur Hayes, maintain that $250K is still in play by year-end. But crypto veteran Rekt Capital warns that a bear market could follow the current bull cycle, contrary to Michael Saylor’s claim that “the bear market will not return.”

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