$70,000 Or $150,000: Where Is the Price Headed Next?

By Emir Abyazov

Bitcoin traders are increasingly split into two opposing camps. One group is preparing for a pullback toward $70,000, while another expects a renewed rally that could eventually push prices toward $150,000. After trading within a narrow $5,000 range for eight consecutive days, market participants are growing confident that a decisive breakout is approaching.

Periods of prolonged consolidation have historically preceded sharp price movements in Bitcoin, and many traders believe the current stalemate will soon give way to heightened volatility.

Rally ahead or another sharp pullback?

Some analysts see signs of a short-term rebound before any deeper correction. Cryptocurrency analyst and entrepreneur Ted Pillows wrote on social media that a near-term bounce could be imminent, projecting a move toward $98,000-$100,000 based on his reading of the weekly chart. 

$BTC relief rally could happen soon.

A pump towards the $98,000-$100,000 level before the next leg down. pic.twitter.com/fhO7dyrJbF

— Ted (@TedPillows) December 20, 2025

BTC/USD 1-Week Chart. Source: Ted Pillows via X

He pointed to bearish divergences in the relative strength index (RSI) that resemble patterns seen in 2021, the final year of Bitcoin’s previous bull market.

Pillows also noted that buying pressure could prevent the 100-week exponential moving average (EMA) from crossing below its simple moving average (SMA). In past cycles, similar crossovers were followed by 40%–50% declines over four to six weeks, raising concerns that any rebound could be short-lived.

Bulls still eye higher highs

Other traders are more optimistic. Market participant Captain Faibik predicts a rapid shift back to bullish momentum, arguing that the recent correction is already complete. 

He expects Bitcoin to break higher in the coming days, potentially triggering fear-of-missing-out entries from late buyers – moves he cautions may arrive after the most profitable part of the rally has passed.

A few months ago, when I said $BTC would go into a correction, everyone was calling me a joker.. & after that, Bitcoin made a +36% massive Correction..

Now Correction is complete & #Bitcoin is once again Ready for a Bullish Rally.. But majority is still waiting for another dip.… pic.twitter.com/N41NARDBuL

— Captain Faibik 🐺 (@CryptoFaibik) December 21, 2025

BTC/USD 8-hour chart. Source: Crypto Faibik via X

$150,000 dreams or a return to $70,000?

Longer-term forecasts remain sharply divided. The Korinek_Trades account anticipates a new all-time high later in the cycle but acknowledges that another significant decline could occur first. Citing Elliott Wave theory, the trader argues that Bitcoin must ultimately set a fresh high to complete its broader market structure, with an upside target near $150,000.

$BTC 12/21 update:

We should still see another higher high for blue W5 up to ATH complete a 5 wave structure

Projecting upside targets to 150K

Labeling 24755 low to 126K high as (3)

Capitulation at the lows

BTFD here as the launch pad is being assembled ☢️ pic.twitter.com/ARHRBIklK4

— Korinek_Trades (@korinek_trades) December 21, 2025

BTC/USD 1-Week Chart. Source: Korinek_Trades via X

On the other side, on-chain analyst CryptoOnchain maintains a more cautious stance. They warn that Bitcoin remains vulnerable to a deeper pullback, particularly if selling pressure continues to build. According to the analyst, the next major support zone lies between $70,000 and $72,000, an area where stronger buying interest has historically emerged.

CryptoOnchain also points to rising Bitcoin inflows to exchanges, especially Binance, as a potential warning sign. Analysts note that a combination of technical weakness below $90,000 and more than $1.4 billion in BTC inflows significantly increases the likelihood of a corrective move toward lower demand zones.

Data-driven perspective

From a broader, data-focused view, the current market structure resembles late 2023, when Bitcoin spent extended periods consolidating before making a decisive move higher. Historical data suggests that when uncertainty persists for more than a week, Bitcoin has often followed with price swings exceeding 15% from the prevailing range.

At the same time, reduced institutional activity and sharply polarized trader sentiment may indicate that the market is waiting for a macroeconomic or regulatory catalyst. Whether that trigger fuels a new leg higher or accelerates a correction remains the key question facing traders in the days ahead.

Source:: $70,000 Or $150,000: Where Is the Price Headed Next?