After a week of geopolitical relief in the Middle East, Bitcoin soared from $100,000 to over $107,000, igniting speculation about whether it’s gearing up for another historic rally—or approaching a ceiling.
Some analysts remain optimistic, suggesting the macro environment is still broadly supportive of crypto growth. Others, however, are turning cautious, warning that Bitcoin’s recent sideways movement could be setting the stage for a reversal.
One voice in the middle is Katalin Tischhauser of Sygnum, who believes a major downturn is unlikely without a disruptive event—something on the scale of Terra’s implosion or the FTX collapse. In her view, the current cycle has strong institutional support and is backed by favorable regulatory signals, which could keep the market buoyant despite growing technical risks.
Still, the charts are flashing warnings. Bitcoin has failed to break through the $110,000 barrier several times, and some traders believe this price action is starting to resemble a classic double-top formation—an ominous signal that has often preceded significant downturns in the past.
Veteran market analyst Peter Brandt recently pointed out that if Bitcoin breaches support near $75,000, it could confirm the double-top scenario and open the door to a sharp drop—potentially as deep as 75% from its recent peak. That would take Bitcoin down to the $27,000 range, though neither Brandt nor Tischhauser suggest this is the most likely path unless an unexpected crisis unfolds.
So far, Bitcoin remains resilient. But with investor attention fixed on inflation data, interest rates, and geopolitical stability, the next move could be decisive. Either Bitcoin breaks higher to uncharted territory—or confirms that even bull markets have limits.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/is-bitcoin-headed-for-a-massive-crash-or-its-next-big-rally/