Cryptocurrency expert Crypto Bully shared his fundamental case for Bitcoin and what to expect before the flagship cryptocurrencies rise above $100,000. This comes as BTC continues to struggle to stay above the $70,000 resistance escalation of tensions in the Middle East.

Analyst shares fundamentals for Bitcoin

In Post XCrypto Bully stated that Bitcoin’s path and exact levels are not essential in the long run, beyond immediate support and resistance levels. The analyst shared key observations, including the observation that downward retesting has not been working for some time. He pointed to the $85,000 level, which he believes is a logical lower high from the previous value generated before further collapse due to ponderous selling.

However, the analyst suggested that the downtrend is not over, noting this bear market bottom take months, not weeks. The attached chart showed that Bitcoin could still fall to $50,000. In the compact term, he predicted that the flagship cryptocurrency could fall to $65,000. Regarding the bullish outlook for BTC, Crypto Bully stated that a break above the current level near $72,000 could easily trigger a rally towards $85,000.

He explained that Bitcoin’s rise to $85,000 is possible given the strength the flagship cryptocurrency has shown amid the ongoing geopolitical turmoil. The analyst added that aggressive inflows into BTC ETFs have not disappeared during this period. SoSoValue data shows that Bitcoin ETFs recorded net inflows of $767 million this week.

Crypto Bull said that the best DCA strategy is to buy Bitcoin every time its price drops from $65,000 to $50,000. He revealed that his current spot purchase average is around $67,000.

BTC hasn’t hit bottom yet

AND CryptoQuant Analysis he noted that Bitcoin’s bottom “isn’t quite there yet.” The analysis showed that despite BTC’s resistance to recent geopolitical tensionson-chain data indicates that the leading cryptocurrency is in a critical “stress test” phase. He added that the process of bottoming out could take a long time and that the main investors in this cycle would be institutions.

The analysis also highlighted two paths leading to: Down for Bitcoin. The first path is a potential Black Swan that could trigger a crash, forcing liquidation and destroying high-priced “new money.” CryptoQuant noted that this is the fastest route to a solid floor that can form within one to two months.

The second path is longer and involves a scenario where Bitcoin trades between $60,000 and $80,000 for a year, allowing the up-to-date money to grow into a long-term holder. According to this path, the bear market may extend until the end of 2026 or early 2027.

At the time of writing, Bitcoin is trading at around $71,000, down over the last 24 hours, according to data from CoinMarketCap.

Featured image from Pixabay, chart from Tradingview.com