Bitcoin is still predicted to reach $110,000, though analysts are cautioning about a possible dip below $40,000 before that happens.

Bitcoin’s Path to $110K by 2025

Some experts are worried about a possible dip below $40,000 before Bitcoin reaches six figures, but based on historical chart technical patterns, it is on course to $110,000.

Popular cryptocurrency analyst Titan of Crypto has predicted that, based on a critical technical formation, the price of Bitcoin will reach $110,000 by 2025, as reported by Cointelegraph.

An X post from the analyst on September 1st read:

Bullish Chart Pattern Supports Uptrend

One common bullish chart pattern that might help you find long-term investment opportunities is the cup-and-handle. It shows that an uptrend is about to continue.

Elja Boom, a well-known expert, claims that another technical indication points to a breakthrough towards $100,000 in the first quarter of 2025.

In a post on X on August 31st, the analyst wrote:

Potential Drop Below $40K Possible

Bitcoin may still experience a substantial fall before the optimistic six-figure projections come true.

In a post on September 1st, Bitcoin expert Magoo PhD provided the following graphic, indicating that Bitcoin might potentially have a fall below $40,000 prior reaching the 2025 breakout.

Bear Market Eyes $57K as Key Support

But there are many who think the correction will be milder. An example of this is the bear market that prominent crypto researcher Moustace sees approaching $57,000.

In a post on September 2nd, the analyst stated:

Fractal patterns help technical traders spot possible trend reversals, important support and resistance levels, and historical data.

$57K Support Level Holds Strong

At the present time, $57,000 provides substantial support for Bitcoin. Data from CoinGlass indicates that if the price were to drop below the current level, more than $860 million worth of leveraged short positions would be liquidated.