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Bitcoin's price has surpassed $100,000 for the first time, leading to speculation about its future trajectory. Crypto analyst Xanrox believes that a sustained rally is unlikely, predicting a potential drop to $85,000, which he sees as a reasonable support level. He suggests that the current rlly could be a bull trap. However, another analyst, Ali Martinez, disagrees, suggesting that a major correction may not occur until Bitcoin hits between $135,000 and $159,000. He also predicts a potential market top for Bitcoin at $240,000. At the time of writing, Bitcoin is trading at around $102,800.
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