Bitcoin Price Prediction: Pullback Risk vs PlanB’s $130K

Bitcoin Price Prediction chatter now mixes near-term caution with a renewed long-term bull case. Last week BTC spiked to US$110,653 but quickly retreated 3.5% to roughly US$106,600 as Iran-Israel tensions triggered risk-off flows. Technicals flag a routine pullback after a 10% rally: falling open interest and still-positive funding suggest longs taking profit while shorts press harder. A January-style fractal warns of a deeper slide if support at US$105,000 breaks, exposing US$100,000. At the same time, on-chain analyst PlanB has revived a bullish Bitcoin Price Prediction using his 2-Year Moving Average Multiplier. For the first time since 2020, BTC flipped this trend line into support, historically a precursor to strong post-halving up-trends. PlanB projects an upper-band target near US$130,000 between late-2024 and 2025, citing dwindling exchange reserves, growing long-term holder supply and persistent spot-ETF inflows. Options traders have already lifted open interest in US$100K-plus calls. For traders, the outlook is two-speed: sustained geopolitical stress could drive short-term downside toward US$100K, while macro catalysts—April’s halving, ETF demand and the 2-Year MA flip—support a longer-term climb toward a new all-time high and potentially US$130K. Key levels to watch are US$108,000 resistance, US$105,000 support and the 2-Year MA (~US$40K). A daily close above US$110K would ease pullback risk; a weekly close below the multiplier would threaten the bullish roadmap.