Bitcoin Might Rise by $10,000 in a Day? Analyst Predictions Fuel Volatility

Could Bitcoin explode by $10,000 in a single day? That\'s the question on everyone\'s mind as analyst predictions paint a wildly varying picture of the cryptocurrency\'s future. While some foresee substantial gains, others warn of potential crashes.

The current market is a rollercoaster. A crypto analyst predicts Bitcoin\'s rally, which surged from $77,000 to $110,000, isn\'t over, and forecasts a possible rise to $120,000. But the optimism is tempered by warnings of significant downside risk.

Contradictory forecasts abound. On one hand, some analysts highlight dealer positioning on Deribit for bitcoin, noting that dealers are short a lot of gamma at $110,000 as traders are buying options for new all-time highs,” Greg. This suggests underlying bullish sentiment.

However, the bears are circling too. An analyst revealed on Friday that Bitcoin might suffer a 91% decline from the coin’s all-time high of $109,000 per coin in January 2025, suggesting that the most popular cryptocurrency could face a dramatic correction. Fundstrat Global’s Mark Newton expects Bitcoin to drop as low as $10,000.

The recent "Bitcoin dump" triggered as Binance backs out of FTX deal further illustrates the volatility. Analysts expect heavy volatility as the market grapples with competing narratives and external pressures.

Ultimately, predicting Bitcoin\'s short-term movements, like a $10,000 single-day rise, is speculative. Investors should conduct thorough research and understand the risks involved before making any decisions.