Bitcoin Set to Take a Wild Ride Before $140K: Analysts Make Bold Predictions!

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Key takeaways:

  • Bitcoin might take a detour toward $100,000–$104,000 before soaring to new heights. How thrilling!

  • Hold onto your hats! CPI data on June 11 could stir the market, with inflation giving Bitcoin a little slap in the face.

  • BTC’s chart is practically screaming “bullish!” with cup-and-handle and bull flag patterns pointing toward $140,000.

Well, well, well, after last week’s excitement fueled by a Trump-Musk public breakup that could rival any soap opera plot, Bitcoin (BTC) has settled into a comfortable range between $103,800 and $106,900 over the past three days. Not exactly the rollercoaster some might have hoped for, but give it time.

Since BTC refuses to pick a lane on the daily chart, analysts are leaning towards the possibility of a little dip before it makes its way toward the shiny new all-time highs. Drama, anyone?

Will CPI Data Throw a Spanner in Bitcoin’s Works?

The US Consumer Price Index (CPI) is due on June 11, with markets nervously eyeing Trump’s tariffs, which might just be the pesky little gremlin that messes up everything.

Experts forecast a 0.3% rise in the US CPI month-over-month, and a 2.3% rise year-over-year. Excluding food and energy, the Core CPI could see a 0.3% month-over-month increase and 2.9% year-over-year. Nothing like a little inflation to keep things interesting.

If inflation continues its merry little march, the Fed may hold off on rate cuts, which could lead to some turbulence for BTC’s price.

Swissblock, a private wealth manager, warned that inflation data could be the catalyst for volatility. In their words, Bitcoin bulls are “slowly rebuilding structure and regrouping,” though they expect a “short-term test of the lower range around $104,000.”

Meanwhile, analyst Mickybull Crypto was quick to point out that the head-and-shoulders pattern on the daily chart suggests BTC might take a little tumble toward $101,500. But don’t worry, he promises a “short-term correction, then new all-time highs.” Sounds like a rollercoaster ride, right?

“Short-term correction, then new all-time highs.”

CryptoMoon, always the bearer of exciting news, reminded us that $100,000 is a crucial level to watch. If Bitcoin doesn’t hold onto it, the price could plummet further, diving toward liquidity clusters below. Let’s hope it doesn’t get too dramatic.

Bitcoin Bulls: Still Top of the Food Chain

Some analysts remain convinced that any price pullback will be fleeting. The bulls, it seems, are still in charge. Daan Crypto Trades, in a recent post, highlighted that Bitcoin’s price has been above its bull market support band for quite some time now. As he put it:

“Overall, the high time frame trend still remains very clean.”

For Bitcoin’s price to remain strong, it must cling onto the bull market support band, currently hovering around $95,000. As Daan wisely pointed out, “The uptrend has lasted for 900+ days now, which is usually when you want to be a bit cautious. Just saying.”

SuperBro, a technical analyst with a flair for dramatic flair, agrees that Bitcoin bulls are in full control. According to him, the fact that Bitcoin has managed to stay above the highest weekly close from 2021 for four straight weeks, and hasn’t dropped below the 5-week EMA since early May, is a bullish sign. Once it breaks that 2021 trendline, Bitcoin’s next move will be a swift ride toward $140–150K. Hold onto your seats, folks.

“Once it breaks the trendline from 2021, the next leg up should quickly reach $140-150K.”

$BTC weekly

bulls in control with 4 straight closes above the previous highest close and not a single close below the 5 EMA since $84K

once it breaks the trendline from 2021, the next leg up should quickly reach $140-150K

— Super฿ro (@SuperBitcoinBro) June 9, 2025

Bitcoin’s Indicators: Rally to $140K is Just Around the Corner

Bitcoin’s chart is practically bursting with optimism, forming cup-and-handle and bull flag patterns that signal massive potential gains. No pressure, right?

In the cup-and-handle scenario, a breakout above the $109,000 neckline could send Bitcoin to $143,000, offering a delightful 35% gain. Yes, please.

The bull flag pattern, meanwhile, is calling for a breakout toward $143,300. So much potential, it’s almost dizzying.

According to CryptoMoon, all signs point to a Bitcoin rally toward $140,000, with a delightful combination of technical, fundamental, and on-chain indicators backing up the hype. Time to buckle up.

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2025-06-09 13:54