Bitcoin Price Prediction: Can BTC Reach $150K?

Bitcoin is trading near $77,600 after pulling back from above $80,000, leaving traders with a sharp divide between short-term weakness and a still-constructive longer-term structure. A four-hour chart points to increased risk of a drop toward $74,000, while a separate macro setup argues that holding the broader breakout zone could eventually restart Bitcoin’s expansion toward six figures.

Bitcoin Lower High Raises Risk of a $74K Support Test

Bitcoin’s four-hour structure has weakened after price formed a lower high beneath a descending trendline, putting immediate support around $77,000 under pressure.

Bitcoin $BTC $74K Support Retest. Source: Jesse Olson on X

The chart places $BTC near $77,700 after its recent rally stalled around the $80,000-$81,000 area. Instead of extending the advance, price turned lower and printed a lower high, an early sign that buyers have lost some short-term momentum.

The first battleground is the green support zone around $76,500-$77,500. Olson noted that this initial target has already been retested and argued that the reaction increases the probability of price eventually reaching the yellow demand area below.

That yellow zone sits around $74,000-$74,500 and is the clearest downside target on the chart. A decisive loss of current support would strengthen the bearish scenario and expose that area.