Bitcoin at a Crossroads: Bear Market Coming or $150,000 Breakout on the Horizon?

Analyst Doctor Profit warns of a 10-year fractal that points to a new bear phase that may last until 2026.

Bitcoin is struggling to hold the $107,000 level after a brutal sell-off that wiped out billions and sent it to a multi-week low of just under $104,000.

It has left many in the market on edge, wondering if this is a healthy correction or the start of a terrible bear market.

The case for the bear: fractals and fear

On one side of the ring the bears are roaring. Analyst Doctor Profit sounds the alarm with a chilling 10-year fractal. “There is nothing that remains bullish in this market,” he stated on X. pointing to a historical pattern that suggests a bear phase is now underway, with a potential bottom not until October 2026.

His doom-laden prediction is reinforced by the Crypto Fear and Greed Index, which fell from “greed” to “extreme fear” in just a few days and stands at 22, the lowest level since April. More than $1.2 billion worth of transactions were liquidated, with long positions taking the hardest hit.

According to market observers, this level of fear has historically been a sign of capitulation or the beginning of the mass accumulation of whales.

Some of the recent triggers for volatility have been pure political theater, with prices immediately rising when President Trump indicated that the proposed tariffs on China would not hold. It showed how closely Bitcoin is becoming tied to macro news and Wall Street’s opening bell.

The Bullish Counterpunch: Liquidity and Opportunity

Not everyone throws in the towel. Macro analyst Ted Pillows tweeted today that if gold liquidity were to flow into Bitcoin, the crypto asset could go to $150,000. suggestive that BTC could soon regain its ‘digital haven’ narrative.

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He says that since gold appears overextended, some of the money sitting on the sidelines could move to Bitcoin, sparking another massive surge.

“The key question is whether gold liquidity will flow into Bitcoin,” Pillows wrote. “If people start seeing BTC as the better ‘safe haven’ now that gold seems overbought, then a run to $150,000 is very possible.”

Meanwhile, influence Kyle Chassé paint an even more radical picture, pointing to growing global liquidity. His model suggests a path to $700,000 per Bitcoin if conditions hold.

That said, the battleground is clear. For the optimists, Bitcoin should do just that defend the $105,000 zone, with some pointing to a possible short squeeze that could push the price back to $117,000 within hours. For others, like investor Chris Burniske, a break below the crucial 50-week moving average near $100,000 could lead to signal a much deeper collapse.