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Bitcoin’s Base Case: What To Expect Before The Run-Up Above $100,000

NewsBTC|Scott Matherson|
Bitcoin’s Base Case: What To Expect Before The Run-Up Above $100,000
Image via NewsBTC
🤖AI Summary

Crypto analyst Crypto Bully outlines Bitcoin's potential path before breaking $100,000, suggesting BTC could drop to $50,000-$65,000 in the short term but rally to $85,000 if it breaks above $72,000. CryptoQuant analysis indicates Bitcoin hasn't bottomed yet, with two potential scenarios: a quick crash followed by recovery in 1-2 months, or sideways trading between $60,000-$80,000 for up to a year.

Key Takeaways
  • Bitcoin could drop to $65,000 short-term or as low as $50,000 according to technical analysis.
  • A break above $72,000 could spark a rally toward $85,000 driven by continued ETF inflows of $767 million this week.
  • CryptoQuant suggests Bitcoin hasn't reached its bottom and is in a critical stress test phase.
  • Two potential paths to bottom: quick Black Swan crash with 1-2 month recovery, or year-long sideways trading between $60,000-$80,000.
  • Analyst recommends DCA strategy buying Bitcoin in the $50,000-$65,000 range.
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