Bitcoin (BTC) has been stuck in a range lately amid rising tensions between Israel and Iran and recent signals from US President Donald Trump regarding possible US intervention.
At this point, Bitcoin is expected to explode either upwards or downwards depending on the environment that will take shape in the coming days.
While analysts are divided on the direction of this explosion, the Bitcoin community is also divided.
Bitcoin: $94K or $114K?
According to a recent poll by crypto analyst Matthew Hyland, the community is divided between $94,000 and $114,000 for the Bitcoin price.
According to the survey results, where the community is almost evenly divided, 50.2 percent of respondents expect a decrease to $94,000, while 49.8 percent expect an increase to $114,000.
Bitcoin is trading at around $104,460, according to CoinMarketCap data.
According to the survey results, a drop to $94,000 for Bitcoin means a 0% decrease, while a rise to $114,000 means a gain of approximately 9%.
This would mark a new record, surpassing the previous peak of $111,940 seen at the end of May.
*This is not investment advice.
