Bitcoin Between Uncertainty and Potential: Analysts Predict Next Steps

The current decline in the Bitcoin price has market observers on the Myriad platform pessimistically eyeing the next significant price target. Expectations point to a drop to $105,000 before a new high of $125,000 could be reached. Over the past week, the projected odds for $105,000 rose to 68%, an increase of more than 25% during that period. Most of this rise occurred in the last two days, with the odds swinging more than 20% towards the $105,000 since Wednesday evening. Myriad is a unit of Dastan, the parent company of the editorially independent Decrypt. Market volatility has been aided by the gradual decline of Bitcoin, which has fallen 5% in the past week and traded below $110,000 for the first time since September 2nd. In the past day, the leading cryptocurrency showed stability. This development occurred in the context of the news that core inflation in the US remained at 2.9% in August. In addition to the inflation data, markets are now also faced with new tariff burdens announced by President Donald Trump. These developments, according to Bitunix analyst Dean Chen, leave risky assets "under pressure" and capital flows "cautious." "The recently announced high tariffs remain an uncertain factor that could create a one-off inflationary pressure while weighing on growth," Chen told Decrypt. This week, more than $162 billion was erased from crypto valuations, while the Bitcoin price has just maintained a percentage gain since the beginning of the month. September has traditionally been a challenging period for Bitcoin, which has fallen by an average of 3.77% each year since 2013. A significant turnaround would be needed to return towards the all-time high of $124,118. At the current price, BTC is only 4% above the $105,000 mark, which would bring a resolution for the Myriad market that has recorded a trading volume of more than $300,000. An increase of 14% would be needed to head in the other direction.