The price of Bitcoin remains within a sideways range, generating divided opinions within the crypto community regarding its next move. A recent poll with over 1,300 votes shows an almost even split: 50.2% expect a drop to $94,000, while 49.8% anticipate a rise to $114,000, surpassing its previous all-time high.

Bitcoin Price Poll Results

The analysis, conducted by expert Matthew Hyland, reflects an indecisive market. Currently, Bitcoin is trading around $104,500, without a clear momentum to define a trend.

The poll indicates:

• 50.2% of respondents expect a correction to $94,000, which would imply a nearly 10% drop.
• 49.8% anticipate a new all-time high at $114,000, an increase of nearly 9% compared to the current price.

These figures are compared to Bitcoin's previous all-time high of $111,940, recorded on May 22, according to CoinMarketCap data.

Factors Influencing Bitcoin’s Next Move

Bullish Perspective

Optimists highlight:

• The growing institutional and technological adoption of Bitcoin.
• Network infrastructure improvements and ecosystem development.
• Potential macroeconomic shifts favorable to digital assets.

Bearish Perspective

Skeptics warn about:

• Possible technical corrections after recent price increases.
• Profit-taking by retail investors.
• Increasing global regulatory pressure.
• Lack of clear catalysts to drive the price higher.

Impact on the Cryptocurrency and Altcoin Market

Uncertainty in Bitcoin often affects the broader crypto market. For example, Ethereum (ETH) remains relatively stable, but its price is heavily influenced by Bitcoin's direction.

In bullish scenarios for Bitcoin, altcoins and DeFi tokens may experience synchronized gains. In the event of a significant correction, massive sell-offs across the ecosystem are likely, affecting decentralized finance (DeFi) projects, non-fungible tokens (NFTs), and smart contract platforms.

Regulatory Context and Its Influence on the Market

The regulatory landscape continues to be a key factor in Bitcoin’s volatility and that of other cryptocurrencies. Authorities in the United States, Europe, and Asia are evaluating regulations that could impact the liquidity and accessibility of these assets.

Measures concerning exchanges, digital asset custody, and transparency for financial institutions create uncertainty. The approval or rejection of legislation in different jurisdictions could trigger sharp price movements.

Conclusion

The Bitcoin market shows a clear division between bullish and bearish expectations, reflecting the volatile and multifactorial nature of the asset. Its evolution in the coming weeks will depend on technical, fundamental, and regulatory factors.

Investors should closely monitor these developments to better understand Bitcoin's possible trajectory and its impact on the crypto ecosystem, including Ethereum and other key projects.