Bitcoin’s Volatile Week Leaves Market Uncertain: Is It Headed to New All-Time High or a Correction?

Bitcoin continues its week of price swings, currently trading around $105,500 after hitting highs near $106,500 and lows as low as $100,400. While the short-term price movement appears stagnant, analysts are divided on Bitcoin’s future trajectory, with some predicting a significant move either way. 6.2% down from its May 22 all-time high, Bitcoin is facing uncertainty. Some see signs of a potential double top, reminiscent of the 2021 market crash, while others point to continued bullish momentum driven by institutional investors and strong macroeconomic indicators. While some experts believe this might be a chance for short-term buyers, others are apprehensive about further price drops as the market awaits clarity.