Bitbull

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In recent weeks, <a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-bitcoin.aspx?TargetURL=https://www.etoro.com/markets/btc">Bitcoin</a>’s price decline has ignited debates within the crypto community about whether the market is experiencing a healthy correction or the onset of a bear trend. While some traders see promising signs of recovery, others caution that historical fractals and technical patterns suggest a potential dip to as low as $60,000. As the crypto market navigates these uncertain waters, analysts remain divided on Bitcoin’s next move, raising questions about the trajectory of the leading cryptocurrency and the broader implications for blockchain enthusiasts and investors.
<div class="key-takeaways">
 <ul>
 <li>Historical 2021 Bitcoin fractals indicate a possible correction down to $60,000 if past patterns repeat.</li>
 <li>Current technical analysis shows a breakdown of the rising wedge, increasing the risk of a decline to $60,000–$62,000.</li>
 <li>Some traders believe Bitcoin could rebound above $124,500, fueled by support around the $104,000–$106,000 zone.</li>
 <li>Optimistic analysts see the dip as a healthy correction before a potential rally to $140,000 or higher.</li>
 <li>Market sentiment remains cautious, with macroeconomic factors like Fed rate cuts influencing crypto price movements.</li>
 </ul>
</div>
Bitcoin (<a target="_blank" href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow">BTC</a>) has declined over 12.75% from its recent peak above $124,500, splitting traders into those viewing this as a routine market correction and others foreseeing the start of a bearish cycle. The current volatility fuels debate about whether the recent downturn is a temporary setback or a sign of deeper market corrections to come.
<h2 id="bitcoin-2021-fractals-hint-at-60-000">Bitcoin 2021 fractals hint at $60,000</h2>
Several technical analysts point to fractal patterns from Bitcoin’s 2021 price chart, suggesting the recent price movements could mirror the market top that led to a significant correction. As crypto analyst <a target="_blank" href="https://x.com/0xReflection/status/1969350486550524022" rel="noopener noreferrer nofollow">Reflection</a> explains, in 2021, Bitcoin experienced a sharp rally to nearly $69,000 before a blow-off top, followed by a correction down to around $32,000. This sequence was characterized by a retest of resistance that failed to hold.
<figure>
 <figcaption style="text-align: center"><a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-bitcoin.aspx?TargetURL=https://www.etoro.com/markets/btc">BTC</a>/USD two-day price chart. Source: Reflection/<a rel="noopener noreferrer nofollow" target="_blank" href="https://www.tradingview.com/?aff_id=115702&amp;aff_sub=cryptobreaking">TradingView</a>
 </figcaption>
</figure>
Current price structure appears to echo this pattern, with Bitcoin trading just below a key distribution zone that previously signaled bearish reversal. Should history repeat, the fractal suggests a potential retracement to the $60,000–$62,000 range, aligning with the 200-week exponential moving average (EMA).
Moreover, on the weekly chart, Bitcoin broke below a <a target="_blank" href="https://cointelegraph.com/news/btc-price-rising-wedge-breakdown-how-low-can-bitcoin-go" rel="noopener noreferrer nofollow">rising wedge</a>, a bearish pattern indicating the possibility of a sharp decline. Such breakdowns historically led to corrections approaching 55%, with the 200-week EMA acting as strong support.
<figure><img alt="" src="https://www.cryptobreaking.com/wp-content/uploads/2025/09/01998652-131a-7794-aec3-8c6bce9d33ca.png" title="">
 <figcaption style="text-align: center">BTC/USD weekly price chart. Source: TradingView
 </figcaption>
</figure>
Current targets suggest a drop to the $60,000–$62,000 zone, with some analysts even predicting Bitcoin may fall as low as $50,000. However, the overall trend remains uncertain, depending on whether these fractal patterns hold or are broken.
<h2 id="bitcoin-may-rebound-to-over-124-500">Bitcoin May Rebound to Over $124,500</h2>
Not everyone shares a bearish outlook. Traders like Jesse <a target="_blank" href="https://x.com/CryptoJelleNL/status/1971524722832846929" rel="noopener noreferrer nofollow">highlights</a> believe the $104,000–$106,000 support zone, anchored by the 200-day simple and exponential moving averages, provides a strong base for a mid-term recovery. This area has historically served as a solid floor during bull market dips.
<figure><img alt="" src="https://www.cryptobreaking.com/wp-content/uploads/2025/09/0199869e-c648-74f4-b7d5-307ce3fd924c.jpeg" title="">
 <figcaption style="text-align: center">BTC/USD daily price chart. Source: Jesse/TradingView
 </figcaption>
</figure>
As of Friday, the support levels around $104,000 to $106,000 are considered crucial for potential rebound scenarios. Analyst <a target="_blank" href="https://x.com/AkaBull_/status/1971505987640250476" rel="noopener noreferrer nofollow">Bitbull</a> notes that Bitcoin’s broader economic indicators — such as the US Business Cycle — have yet to reach their peak, implying that a rally could still unfold before a downturn occurs.
<figure><img alt="" src="https://www.cryptobreaking.com/wp-content/uploads/2025/09/019986a4-43f8-70c1-b587-7932c7a0b2e0.jpeg" title="">
 <figcaption style="text-align: center">BTC/USD weekly price chart. Source: Bitbull/TradingView
 </figcaption>
</figure>
With the Federal Reserve’s recent interest rate cuts, some experts believe Bitcoin could see further upside over the next three to four months, potentially reaching as high as $140,000. Analyst <a target="_blank" href="https://x.com/CryptoFaibik/status/1971441958573965400" rel="noopener noreferrer nofollow">Captain Faibik</a> argues that current dips represent a healthy correction. A breakout above $113,000, especially if accompanied by a bullish flag pattern, could spark a rally toward $140,000 in the coming months.
<figure><img alt="" src="https://www.cryptobreaking.com/wp-content/uploads/2025/09/019986ad-471b-7b0f-80c1-f19d494d1002.jpeg" title="">
 <figcaption style="text-align: center">BTC/USD daily price chart. Source: Captain Faibik/TradingView
 </figcaption>
</figure>
Many experts have projected similar year-end targets for Bitcoin, with some analysts speculating on macro tops in the $150,000 to $200,000 range. As Bitcoin continues to navigate macroeconomic shifts and evolving regulation, the next few months will be crucial in determining whether the current dip is merely a correction or the start of a sustained downturn in the crypto markets.
This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency investments involve risk, and market participants should conduct thorough research before making trading decisions.
This article was originally published as <a href="https://www.cryptobreaking.com/bitcoin-traders-clash-will-btc/?utm_source=rss&amp;utm_medium=syndication&amp;utm_campaign=article_footer" rel="noopener noreferrer nofollow">Bitcoin Traders Clash: Will BTC Hit $60K or Soar to $140K?</a> on <a href="https://www.cryptobreaking.com/?utm_source=rss&amp;utm_medium=syndication&amp;utm_campaign=article_footer" rel="noopener noreferrer nofollow">Crypto Breaking News</a> – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Bitcoin Traders Clash: Will BTC Hit $60K or Soar to $140K?

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