Can Bitcoin price hit $250K this year? Top BTC chart watchers weigh in
Bitcoin traders are divided on whether the price can reach $250K this year, with some technical indicators suggesting a potential pullback.Summary
Despite Bitcoin's ongoing recovery, its price remains significantly below its October 2025 all-time high. While some prominent figures like Tim Draper and Tom Lee maintain their $250,000 year-end prediction, veteran trader Peter Brandt warns of a maturing bear flag channel on the daily chart, suggesting a potential decline towards $69,000 by May and possibly under $50,000 if the pattern resolves. Historical halving cycles indicate that the 2025 high might have been the cycle top, casting doubt on new highs in the near future. Analyst Merlijn The Trader points to a recurring "Sell in May" pattern in US midterm election years, projecting a potential decline of over 60% for BTC in 2026, possibly reaching $30,000. This uncertainty, amplified by political rhetoric in the spring, weakens the case for Bitcoin reaching $250,000, although some analysts foresee a more modest rebound to the $100,000-$150,000 range.
(Source：Cointelegraph)