Can Bitcoin break through $190,000? Bull and bear expectations are significantly diverging

Recently, Bitcoin prices in USD have shown a correction trend, but institutional bullish voices remain persistent. According to the latest market analysis report, investors hold divergent views on Bitcoin’s future direction—from conservative to aggressive predictions—with a price range exceeding $100,000.

Three Major Forecast Scenarios

In the most optimistic scenario, Bitcoin could reach a high of $189,000. This expectation is based on continuous increases in investor allocations. In a moderate forecast, the target price over the next 12 months is set around $143,000, representing a significant upside from the current market price. Conversely, amid global economic pressures, there is also a conservative estimate pointing to a downside risk of $78,500.

Technical and Demand-Side Double Support

The analyst team, in joint research, pointed out that the Bitcoin USD price has important technical support at $70,000. This support level is crucial mainly due to two factors: first, the gradual recovery in spot ETF demand; second, the increasingly dominant optimistic market sentiment.

It is noteworthy that, as of the latest data update, Bitcoin has rebounded to the level of $93,090, providing a more solid foundation for subsequent rebounds. Against this backdrop, institutional investors are relatively optimistic about the medium-term trend, believing that pushing the price to $143,000 is not out of reach.

However, the market should remain cautious, as global macroeconomic uncertainties could still exert downward pressure on Bitcoin prices. Investors evaluating the USD-denominated Bitcoin outlook need to consider these multiple scenario expectations simultaneously.