While Bitcoin continued to trace around 104,500 dollars in a narrow price range, investors’ expectations for the future sharply decomposed. In the survey of crypto analyst Matthew Hyland through X, more than 1,300 investors answered the following question:

“What happens to Bitcoin’s next stop: 94,000, 114,000?”

The results were quite balanced:

50.2 %: Decrease to $ 94,000

49.8 %: Rise to $ 114,000

This balance shows that the sense of market has reached the level of indecision and that investors do not agree with the direction.

📉 Horizontal Market: In the shadow of uncertainty

Bitcoin depreciated by 2.09 %in the last 30 days and investor interest gradually decreased. According to CoinMarketcap data, the current price of BTC:

Instant Price: $ 104.864

94K level: means a 10 %decrease

114K Level: A new all -time level (ATH) and corresponds to a 9 %rise

🌍 Geopolitical blood pressure affects pricing

Bitcoin fell to $ 103,000 after Israel’s air strike on Iran on June 13 after testing $ 110,000 for a short time on June 11th.

Trump’s call for “unconditional surrender ve and Ayatollah Ali Khamenei threatened Iran and reduced the risk appetite in the markets.

Crypto Fear & Greed Index fell to the “Neutral” zone with 54 points as of June 20. Last month, it was in the “Greed” region.

💼 ETF entrances remain strong

Although emotional decomposition increases, US -based Spot Bitcoin ETFs remain strong:

A total of 388.3 million dollars entered on June 19

This means the 8th day positive introduction

The trust of corporate investors continues despite the fluctuation in BTC price

🧠 Expert Opinions: Bear or Taurus?

Michael Saylor (Strategy/MSTR): “For Bitcoin, there will be no more bear market.”

Rekt Capital: “It is very likely to experience a bear market after this bull season.”

Arthur Hayes (Founding Partner of Bitmex): “BTC can reach $ 250,000 by the end of 2025.”

Some analysts draw a more cautious picture. 130K -35K band for Q3 targets is highlighted.