If Bitcoin does not exceed 125 thousand dollars, a bear market is on the way.

In recent days, the fluctuations in Bitcoin (BTC) prices continue to attract the attention of investors. Bitcoin tested the $125,000 level over the weekend, but with a decrease in buying appetite in the last 24 hours, it fell back to the $124,000 levels. John Glover, the investment manager of the crypto lending platform Ledn, issued important warnings about the future of Bitcoin under current conditions.

Glover noted that if Bitcoin does not exceed the $125,000 level, a new bear season could begin. The rise over the weekend gained serious momentum due to the potential government shutdown in the U.S. and the economic stimulus announcements made by Japan’s new prime minister. However, the decrease in buying demand and the subsequent drop in price pose serious risks for investors.

Glover continued his remarks: “If Bitcoin breaks above $125,000, I expect it to reach $145,000 by the end of the year. However, if we cannot surpass this price level after a few attempts, it is highly likely that a bear market will start.” The analyst stated that he uses Elliott wave theory in his predictions and presented the results of this approach for the attention of investors.

Glover argues that non-institutional demand is still strong, noting that since July, Bitcoin has crossed the $120,000 mark three times, but prices quickly fell back in previous attempts. He emphasized that this time is different, according to a report from QCP Capital, which states that maintaining prices above $120,000 indicates strong individual investor demand. This could increase the likelihood of sustained upward momentum for Bitcoin.

Experts believe that Bitcoin exceeding the $125,000 level would not only mean a new record but could also trigger a strong bull season lasting until the end of the year. It is crucial for investors to closely monitor this critical resistance level of Bitcoin and update their analyses in light of potential downturns.