Bitcoin began the new week by testing the $96,000 level but fell below $93,000 due to heavy selling pressure at this resistance. Last week, Bitcoin climbed to $102,000 before dropping to $91,200, partially recovering towards the end of the week. The altcoin market mirrored Bitcoin’s movement: Ethereum dropped below $3,200, while major altcoins like Cardano (ADA) and Avalanche (AVAX) experienced losses of up to 7%.

Analyst Peter Brandt suggests Bitcoin could drop to $73,018 after consolidating at current levels. Meanwhile, Ali Martinez notes two potential scenarios for Bitcoin’s consolidation around $95,000: if the bull flag formation is confirmed, the price could surge to $140,000. However, if a head-and-shoulders pattern forms, the price might drop to $67,000.

Long-term forecasts remain divided. Standard Chartered predicts Bitcoin could reach $200,000 by 2025, with some analysts projecting a rise to $300,000. Bernstein analysts offer an even more bullish outlook, estimating Bitcoin could hit $200,000 by late 2025, $500,000 by 2029, and $1 million by 2033.

In conclusion, while short-term fluctuations and uncertainties persist, there is optimism surrounding Bitcoin's long-term potential. Investors are advised to stay vigilant, closely monitor market dynamics, and prioritize risk management.#BTC Stuck in Range, Can It Break $100K? #PPI & CPI Data Incoming, How Will the Market React? #AI Agent Tokens Bounce: Which Are You Bullish On?