"Bitcoin maintains long-term advantage despite corrections…$112,000 is the watershed"

Bitcoin (BTC) is fluctuating in the low $100,000 range, and experts' views are divided. Some expect a long-term upward curve similar to gold, while others are focusing on short-term price bands and the timing of rotation into altcoins.

On the 29th (local time), CoinDesk reported that James van Straten, CoinDesk's lead crypto analyst, said, "Bitcoin will continue a stair-step ascent supported by ETF inflows, but intermittent corrections of 10~20% may accompany it," explaining, "This is similar to how gold showed a long-term uptrend in the early 2000s but went through healthy corrective periods." He added, "Even if Bitcoin may lag gold in the short term, it will show an advantage in long-term returns."

Crypto analyst Michaël van de Poppe said, "The area below $107,000 is a strong buy zone, and if $112,000 is breached and the close holds, capital rotation into altcoins will accelerate."

According to CoinDesk research analysis, Bitcoin recently formed support and resistance around the $109,150~$109,750 range, with short-term support at $109,400~$109,575 and resistance at $109,750. The outlet assessed, "If $112,000 is recovered and maintained, upside momentum could reignite, but if it cannot be held, a period of range-bound consolidation is likely."

Meanwhile, Peter Schiff, CEO of Euro Capital, sharply criticized Strategy's Bitcoin accumulation strategy. He argued, "Gold can absorb billions of dollars of selling without significant market shock, but selling the same amount of Bitcoin could trigger a sharp price drop and cascading liquidations," claiming that gold's market depth offers greater flexibility to large holders.