Analyst Joao Wedson has outlined four potential price scenarios for Bitcoin (BTC), indicating a bullish target of $140,000 to $146,000 while suggesting that altcoins may gain strength starting in July.

The first scenario, known as the Decay Cycle with an Altcoin Opportunity, suggests BTC will reach its peak within the specified range, following a predictable trend despite short-term fluctuations.

Wedson emphasizes that Bitcoin's price cycles tend to be less affected by transient market events, maintaining a long-term bullish outlook even amid risks.

However, three bearish scenarios presented indicate possible selling periods for BTC, with risks of price declines due to factors like bull traps and liquidity hunts.

These bearish scenarios could lead to increased volatility for BTC and potential significant drops in prices, causing short-term losses for investors.

Recent liquidations over the last 24 hours totaled $255.07 million, with long liquidations at $207.37 million indicating a risk for upward price movement as market conditions evolve.

Current data shows a surge in Bitcoin's trading volume by 155.57%, reaching 148.73 billion, while open interest has slightly decreased by 0.10% to $67.33 billion, reflecting market hesitation.

The insights from Wedson's scenarios highlight the complexity of Bitcoin's market behavior, urging investors to closely monitor price movements in the coming weeks for informed decision-making.