- As the market trades sideways, Bitcoin traders are split on whether the price will fall to $94,000 or rise to $114,000.
- Fresh inflows into Bitcoin ETFs continue despite cautious sentiment and recent price uncertainty.
Bitcoin price action remains a key talking point in crypto news today as the digital asset trades sideways, caught between hopes of a new all-time high and fears of a sharp decline. A recent poll on X shows that market sentiment is split. Traders are watching closely, unsure whether Bitcoin will push towards $114,000 or sink to $94,000 in the coming days.
Divided Market as Bitcoin Struggles For Direction
CoinMarketCap data shows that Bitcoin currently trades at $106,367.06, up 0.66% in 24 hours. It is worth noting that this has changed a little over the past week.
According to data from a recent poll by crypto analyst Matthew Hyland, 50.2% of respondents believe Bitcoin could fall to $94,000. At the same time, 49.8% are betting on a rise to $114,000. The poll, which attracted over 1,300 votes, captures the uncertainty surrounding the largest cryptocurrency as it moves within a tight band.
Bitcoin last touched the $94,000 mark on May 6. It then climbed back above $100,000 on May 8. Per that outlook, it ended a three-month stretch below that level. As highlighted in our previous article, the current sideways movement follows recent geopolitical tensions, including Israel’s airstrikes on Iran.
This conflict sent BTC as low as $103,000 after briefly reclaiming $110,000 on June 11. The broader market reflects this indecision, with the S&P 500 and shares like MicroStrategy’s MSTR trading flat or showing modest losses.
Other factors may culminate in a positive price swing for Bitcoin. As detailed in our last news piece, Bitcoin (BTC) has just hit the 78.6% Fibonacci retracement level, a price point often seen as the final shakeout before a major surge.
Traders Cautious as Bitcoin ETFs See Inflows
The sideways price action has affected crypto market sentiment. The Crypto Fear and Greed Index recently slipped from Greed to Neutral, now at 54 out of 100. This shift shows that traders are becoming cautious and unsure if Bitcoin will break out or continue to drift.
Despite this, the United States’ spot Bitcoin exchange-traded funds have recorded consistent inflows, with $388.3 million added on Wednesday alone, eight straight days of fresh investment.
Similarly, as mentioned in our previous news brief, BlackRock’s iShares Bitcoin Trust (IBIT) has secured its spot among the top 20 most-traded ETFs of 2025, according to Bloomberg Intelligence. The explosive growth in the fund’s daily volume indicates the soaring institutional demand for regulated Bitcoin exposure.
Some traders and analysts remain positive. As noted in our earlier post, the risk appetite of major players appears to be returning. Large-scale whale activity on Binance is becoming more noticeable. There are also predictions for Bitcoin to reach between $130,000 and $135,000 in the third quarter.
Arthur Hayes, co-founder of BitMEX, hopes the top coin will climb to $250,000 by year-end. CNF recently reported that Strategy chairman Michael Saylor said Bitcoin may break the $280 trillion market capitalization milestone.
Beyond the current situation, the key focus in crypto news remains whether Bitcoin will manage a move towards $114,000 or face another decline towards $94,000 as the market waits for a clear signal.
Recommended for you:
Credit: Source link
