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Based on historical chart technical patterns, Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="" target="_self" text="null">BTC</a>) is on track to $110,000, but some analysts are concerned about a potential correction below $40,000 before reaching six figures.
<h2 id="bitcoin-price-charts-target-110-000-by-2025">Bitcoin price charts target $110,000 by 2025</h2>
Bitcoin’s price is on track to hit $110,000 by 2025 based on a key technical formation, according to popular crypto analyst Titan of Crypto.
The analyst <a data-ct-non-breakable="null" href="https://x.com/Washigorira/status/1830280229966717134" rel="nofollow noopener" target="_blank" text="null">wrote</a> in a Sept. 1 X post:
<blockquote>
 “Bitcoin $110,000 Is on the Way. The Cup &amp; Handle pattern is still in play. A bit more patience—the last quarter of the year is going to be epic!”
</blockquote>
<figure>
 <img alt="Bitcoin $110K setup ‘still in play,’ but analysts warn of sub-$40K dip first" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191b347-7f02-7a38-a244-9a0d470e0c77">
 <figcaption style="text-align: center;">
 BTC/USD, 1-week chart, cup-and-handle formation. Source: Titan of Crypto
 </figcaption>
</figure>
The cup-and-handle is a popular bullish chart pattern that signals the extension of an uptrend, used to spot opportunities to gain long exposure to an asset.
Another technical indicator also hints at a breakout toward $100,000 during the first quarter of 2025, according to popular analyst Elja Boom.
The analyst <a data-ct-non-breakable="null" href="https://x.com/Eljaboom/status/1829830166807261303/photo/1" rel="nofollow noopener" target="_blank" text="null">wrote</a> in an Aug. 31 X post:
<blockquote>
 “BTC giant inverse head and shoulder pattern. When this breaks out, Bitcoin will shoot above $100K. My timeline is ATH in Q4 and $100K in Q1 2025.”
</blockquote>
<figure>
 <img alt="Bitcoin $110K setup ‘still in play,’ but analysts warn of sub-$40K dip first" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191b348-7319-72f9-9cdc-baaf0d14f3f7">
 <figcaption style="text-align: center;">
 BTC, head and shoulder formation. Source: Elja Boom
 </figcaption>
</figure>
<h2 id="concerns-over-a-potential-btc-price-drop-to-40-000">Concerns over a potential BTC price drop to $40,000</h2>
Despite the optimistic six-figure predictions, Bitcoin could still see a significant correction first.
Before the 2025 breakout, Bitcoin could risk a correction below $40,000, according to Bitcoin analyst Magoo PhD, who <a data-ct-non-breakable="null" href="https://x.com/HodlMagoo/status/1830301660482359524/photo/1" rel="nofollow noopener" target="_blank" text="null">shared</a> the below chart in a Sept. 1 X post.
 
<figure>
 <img alt="Bitcoin $110K setup ‘still in play,’ but analysts warn of sub-$40K dip first" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191b348-d235-758b-8b56-83648501b091">
 <figcaption style="text-align: center;">
 BTC/USD, hypothetical correction. Source: Magoo PhD
 </figcaption>
</figure>
Yet other analysts argue that the correction will not be as severe. For instance, popular crypto analyst Moustace is eyeing a market bottom around $57,000.
 The analyst <a data-ct-non-breakable="null" href="https://x.com/el_crypto_prof/status/1830531254816534635" rel="nofollow noopener" target="_blank" text="null">wrote</a> in a Sept. 2 X post:
<blockquote>
 “I know everyone is waiting for $53,500, but I think the low for BTC is in here/or very close (~$57k), IF it continues to copy the covid 2020 fractal.”
</blockquote>
<figure>
 <img alt="Bitcoin $110K setup ‘still in play,’ but analysts warn of sub-$40K dip first" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191b349-4e85-7f43-8c6e-0252b557cdc9">
 <figcaption style="text-align: center;">
 BTC/USD, 1 day chart. Fractals. Source: Moustache
 </figcaption>
</figure>
Based on historical data, technical traders use fractal patterns to identify key support and resistance levels and potential trend reversals.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/3k-ethereum-price-breakout-delayed-october" rel="" target="_self" text="null">$3K Ethereum price breakout likely delayed until October</a>
<figure>
 <img alt="Bitcoin $110K setup ‘still in play,’ but analysts warn of sub-$40K dip first" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191b349-b968-7594-b703-0cf9034e3b72">
 <figcaption style="text-align: center;">
 Bitcoin exchange liquidation map. Source: CoinGlass
 </figcaption>
</figure>
Bitcoin currently has significant support at $57,000. A possible move below would liquidate over $860 million worth of cumulative leveraged short positions, according to CoinGlass <a data-ct-non-breakable="null" href="https://www.coinglass.com/pro/futures/LiquidationMap" rel="nofollow noopener" target="_blank" text="null">data</a>.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bitcoin $110K setup ‘still in play,’ but analysts warn of sub-$40K dip first

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