The base case envisions a gradual upward trajectory through late Q3, with Bitcoin consolidating above $110,000. In this scenario, dips into the $112,000–$115,000 range find support as institutional allocators and mining operations remain disciplined. Continued ETF demand would buttress the base-case trend.
The bullish Bitcoin price prediction unfolds if Bitcoin breaks and sustains a weekly close above the July peak of $122,800. That event would likely trigger a push toward the $130,000–$134,000 zone, supported by strong liquidity and bullish sentiment.
Conversely, the bear case would require a decisive weekly close below $110,000 on rising volume, possibly triggered by a hawkish macroeconomic surprise or risk-off shock. This could set the stage for a slide toward the $100,000–$105,000 region, where previous buyers emerged.