Bitcoin Price Predictions Split: $90K or $140K Target Analysis

Bitcoin price continues to show strong momentum, trading at $109,500 with a 2.43% daily gain. However, crypto analysts remain divided on Bitcoin's next major price target, with predictions ranging from $90,000 to $140,000.

Peter Brandt Forecasts Bitcoin Breakout to $140K

Veteran trader Peter Brandt has identified a significant breakout pattern for Bitcoin, suggesting the cryptocurrency could reach $140,000. The technical analysis indicates BTC is following the trajectory of the Global M2 money supply, which recently hit an all-time high of $55.48 trillion.

Brandt's chart analysis shows Bitcoin's next stop at $104,000 after the current breakout pattern completes. Since 2024, Bitcoin has closely tracked the M2 money supply expansion, making this correlation crucial for price predictions.

Current Bitcoin trading data shows:

• Price: $109,500

• Daily volume surge: 20% to $56 billion

• Futures interest: 7.28% increase

• Market sentiment: Bullish

Arthur Hayes Predicts Bitcoin Correction to $90K

Arthur Hayes, Chief Investment Officer of Maelstrom, presents a contrarian view for Bitcoin price action. Hayes warns that Bitcoin could drop to the $90,000-$95,000 range before the Jackson Hole symposium in August.

Hayes cites potential USD liquidity pressures from Treasury General Account replenishment as a key factor that could drive Bitcoin lower. As a precautionary measure, Maelstrom has liquidated all illiquid altcoin holdings and may reduce Bitcoin exposure if market conditions deteriorate.

Key Economic Events Impacting Bitcoin Price

Several major economic events will influence Bitcoin's direction in the coming weeks:

CPI Data Release Impact

The Consumer Price Index data release today represents a pivotal moment for Bitcoin price action. If inflation shows satisfactory levels, real yields will remain low, encouraging capital flow into non-yielding assets like Bitcoin.

Federal Reserve Decision

The Fed's rate cut decision will significantly impact Bitcoin price volatility. A dovish stance from the Federal Reserve could catalyze a rally above major resistance levels, while hawkish commentary might trigger short-term declines.

Quantitative Tightening Moderation

Any reduction in quantitative tightening could release substantial sidelined capital, potentially driving Bitcoin through recent price peaks. Market participants expect this scenario to favor Bitcoin's upside potential.

Technical Analysis and Market Sentiment

Bitcoin's current technical setup suggests the direction of least resistance remains bullish. Key factors supporting this outlook include:

• Strong breakout pattern confirmation

• Correlation with expanding M2 money supply

• Increasing futures market interest

• Growing institutional adoption

However, liquidity dynamics and Federal Reserve policy decisions will ultimately determine whether Bitcoin targets $90,000 or $140,000 in the near term.

Market Outlook for Bitcoin

The crypto market faces a critical juncture as CPI data and Fed decisions approach. Higher inflation readings or dovish Fed commentary could swing momentum toward an upside breakout, supporting the $140,000 target scenario.

Conversely, liquidity pressures and Treasury account replenishment could validate Hayes' prediction of a correction to $90,000-$95,000 levels.

Bitcoin's price action in the coming weeks will likely depend on how these macroeconomic factors unfold, making this period crucial for determining the cryptocurrency's next major directional move.