Finance

Bitcoin’s Bull Run: Can It Shatter $117K or Face a $102K Crash?

Bitcoin hit $113,000 but analysts split. Some predict $117,000, others see $102,000. Bull market’s future debated.

byAndres Castro

August 27, 2025, 3:53 PM

A fiery, red and black digital illustration of a bitcoin coin with a volatile stock chart

A dramatic conceptual image representing the highly volatile nature of Bitcoin's market value. By MDL.

Executive Summary

Bitcoin (BTC) neared $113,000 after a bounce from recent lows, but analysts are sharply divided on the sustainability of this rebound, with some forecasting a rally towards $117,000 and others warning of potential further downside to $102,000.

Technical analysis shows division, with BitBull highlighting BTC’s reclamation of its 100-day EMA as crucial for bottom formation and a rally, while trader Roman views the current setup as a bearish retest, emphasizing the critical $112,000 mark.

The longevity of the bull market is debated, with Rekt Capital’s historical analysis suggesting the current bull market is nearing its typical duration, potentially ending by October, while President Donald Trump’s adviser David Bailey argues institutionalization means no bear market for several years.

The Story So Far

The current divided outlook among Bitcoin analysts stems from contrasting interpretations of key technical indicators regarding short-term price movements, alongside differing views on the longevity of the current bull market, with some historical patterns suggesting a potential end by October, while others, including President Donald Trump’s adviser, argue that increasing institutionalization could prevent another bear market for several years.

Why This Matters

The sharp division among analysts regarding Bitcoin’s immediate price trajectory and the longevity of its bull market signals a period of significant uncertainty and potential volatility for investors. While some indicators suggest a short-term rally, others warn of a breakdown, and the broader debate on whether institutional adoption will prevent a traditional bear market, as suggested by President Donald Trump’s adviser, or if historical cycles will prevail, means market participants face an unpredictable landscape for both short-term trading and long-term investment strategies.

Who Thinks What?

Popular trader BitBull suggests that Bitcoin’s reclaim of its 100-day exponential moving average at $110,850 is crucial for bottom formation and could lead to a rally towards the $116,000-$117,000 range.

Conversely, trader Roman maintains a bearish bias, viewing the current price action as a breakdown and bearish retest, warning that if the $112,000 support is lost, the next level could be $102,000.

Regarding the long-term bull market, David Bailey, a Bitcoin adviser to President Donald Trump, believes institutionalization will prevent another bear market for several years, while analyst Rekt Capital suggests the current bull market’s duration aligns with historical patterns that could indicate a bearish trend change by October.

Bitcoin (BTC) neared $113,000 on Wednesday following the Wall Street open, as buyers sought to cement a market bounce from recent multiweek lows. However, cryptocurrency market commentators and traders remain sharply divided on the sustainability of this rebound, with some forecasting a rally toward $117,000 while others warn of potential further downside.

Market Outlook Divides Analysts

The bounce saw BTC/USD climb over $3,000 from its previous day’s lows, reaching local highs of $112,646 on Bitstamp. This price action has fueled contrasting opinions regarding Bitcoin’s immediate future trajectory.

Popular trader BitBull highlighted on X that Bitcoin has reclaimed its 100-day exponential moving average (EMA-100) at $110,850, a level he considers crucial for bottom formation. BitBull suggested that if BTC maintains this level, a rally towards the $116,000-$117,000 range would not be surprising.

Conversely, trader Roman, who recently declared the Bitcoin bull market over, maintained a bearish bias, emphasizing the critical importance of the $112,000 mark. He told X followers that the current setup appears to be a breakdown and bearish retest. Roman indicated that if the $112,000 support is truly lost, the next support level could be $102,000, also noting what looks like a confirming double top formation.

Historical Patterns and Bull Market Longevity

Adding a historical perspective, popular trader and analyst Rekt Capital drew parallels between the current BTC price pullback and previous bull markets. He reiterated on X that “History doesn’t always repeat but it often rhymes,” confirming that Bitcoin has entered its second “price discovery correction.” Rekt Capital suggested that this pullback is likely to be shallower and shorter than past ones, based on historical patterns where Bitcoin rallied into new All-Time Highs before such corrections.

The debate also extends to the overall longevity of the current bull market. Rekt Capital’s historical analysis suggests that the current bull market, now 144 weeks in, is nearing the 152-week duration of the previous bull market, implying a potential deadline in October for a bearish trend change.

This contrasts with the more optimistic view expressed by David Bailey, a dedicated Bitcoin adviser to US President Donald Trump. Bailey argued on X that institutionalization of BTC as an asset means there will not be another Bitcoin bear market for several years, challenging the notion of an imminent end to the bullish trend.

As Bitcoin navigates these key technical levels, market participants remain divided on both its short-term price movements and the long-term health of the current bull market. The interplay of technical indicators, historical patterns, and fundamental arguments continues to shape the varied outlooks for the leading cryptocurrency.