Crypto analyst Crypto Bully has outlined his base case for Bitcoin, forecasting volatility ahead of a potential run above $100,000. BTC is currently trading around $71,000, struggling to hold key resistance near $70,000 amid Middle East tensions.
Crypto Bully noted that while a break above $72,000 could trigger a move toward $85,000, downside risks remain. He predicts short-term support at $65,000, with a deeper correction possibly driving Bitcoin to $50,000. The analyst emphasized that bear market bottoms take months, not weeks.
Institutional demand remains strong, supported by continued inflows into Bitcoin ETFs. SoSoValue data shows $767 million in net inflows this week alone. Crypto Bully advocates dollar-cost averaging between $65,000 and $50,000, revealing his current spot average is near $67,000.
CryptoQuant analysis confirms Bitcoin is not yet at its bottom, describing the market as in a "stress test" phase. Two scenarios are possible: a Black Swan event triggering rapid liquidation and a faster floor formation, or a prolonged sideways grind between $60,000 and $80,000 extending into late 2026 or early 2027.