Bitcoin price charts from 2021 suggest a potential crash to $60,000, with some seeing $104,000 support. The cryptocurrency has dropped over 12.75% from its high, sparking debate between bull market correction and a new bear cycle. Analysts warn of a possible $50,000 bottom if history repeats.

Bitcoin’s 2021 chart fractals indicate a possible repeat of the 2021 market top trajectory. The cryptocurrency is at risk of a rejection if the fractal holds, with a potential decline to the $60,000-$62,000 zone. A breakdown from a rising wedge formation could lead to further downside.

Some traders foresee Bitcoin recovering to over $124,500, with support around $104,000-$106,000. Analysts suggest the crypto market may have a few more months of upside before a potential “blow-off top.” Signs of bullish continuation could push Bitcoin to as high as $140,000 in the coming months.

Read more at Cointelegraph: Bitcoin Traders Debate Where BTC Price is Heading Next: $60K or $140K?