Bitcoin (BTC) is experiencing a pivotal moment as it trades around $87,000, having dropped over 5% in the past week. Analysts are divided on BTC's future trajectory, with some predicting a continued decline to $70,000 or even $50,000-$60,000, signaling a potential bear market. Others, however, foresee a bullish surge, potentially pushing BTC to new all-time highs between $130,000 and $150,000 in the first half of 2026. A crypto expert has identified a critical point on the BTC price chart, suggesting that BTC is nearing a $84,900 target, possibly completing a subwave 3 at the 0.854 support level. The analyst anticipates a short-term retracement followed by a bullish wave, potentially driving BTC back to resistance levels between $94,100 and $103,000.