The post Bitcoin Hits $108K, Just 2% from ATH, But Could It Really Crash to $2000? appeared first on Coinpedia Fintech News
Bitcoin is making headlines after crossing $108,000 today, marking its highest level in four months. The leading cryptocurrency just broke out of a strong bullish pattern, and traders are now eyeing the $116,000 mark as the next big target.
With strong momentum building and multi-month charts showing no bearish signals, many believe a new all-time high could be right around the corner. But amid the excitement, some experts are sounding the alarm on what could come next.
Could Bitcoin Crash to $2,000?
While Bitcoin’s short-term outlook looks bullish, one analyst has warned of a massive correction once the rally peaks. Some even call it a “mathematical certainty” that Bitcoin could tumble to as low as $2,000–$3,000 in the future.
The long-term provisional target remains at $140,000. According to technical wave counts, Bitcoin could break its all-time high soon, fueling further gains. However, it’s crucial for traders to follow the correct wave structure, as many misinterpret ongoing movements.
Post $140K, while some might expect an immediate peak, analysts suggest there’s still more room for growth before Bitcoin enters a major correction phase. Ultimately, though, Bitcoin is expected to undergo a supercycle correction back down to $3,000–$2,000 once the top is in — a cycle seen repeatedly in its history.
Macro Risks and Market Warnings
Adding to the uncertainty, the U.S. Dollar Index is weakening and could slide further, which often helps risk assets like Bitcoin. However, broader economic issues — like the recent U.S. credit downgrade and rising bond yields — might create new challenges for crypto markets.
There’s also speculation that the Federal Reserve may step in with emergency liquidity measures if financial markets get shaky again, adding more volatility to Bitcoin’s path.
Markets To Be Less Volatile This Time?
Bitcoin still moves closely with risky assets like stocks, so it will take time before it truly moves on its own. This cycle, the leverage in Bitcoin is low compared to the 2021 peak, which could mean less wild price swings.
Analyst Michaël van de Poppe says Bitcoin is heading to new all-time highs faster than expected. He sees $120K, $150K, and even $200K as imminent as more and more people are frustrated with the dollar’s ongoing devaluation.