Bitcoin Sideways — Next Target $94K or $114K?

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A recent poll on X shows that half of the respondents bet that Bitcoin would rise to $114,000, while the other half expect it to fall well below $100,000.

Crypto users are divided on whether Bitcoin will surge to an all-time high or again drop below the key $100,000 mark as the broader market is trading sideways, according to a recent poll on X.

Crypto pundits asked what’s next for Bitcoin — $94,000 or $114,000 — split nearly evenly, with 50.2% predicting a drop to $94,000 and 49.8% expecting a rise to $114,000, according to the poll on Thursday by crypto analyst Matthew Hyland that gathered over 1,300 votes.

Sideways market takes a toll on crypto sentiment
Bitcoin is currently trading at $104,522, and a drop to $94,000 would mark a 10% decline, while a rise to $114,000 would mean an approximate 9% gain and a new all-time high, surpassing the previous high of $111,940 set on May 22, according to CoinMarketCap data.

Bitcoin hasn’t touched the $94,000 level since May 6, shortly before it broke back above $100,000 on May 8 for the first time in three months. 

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