Is a bear market approaching or a breakout of $150,000 on the horizon?

Analyst Doctor Profit warns of a 10-year fractal that points to a new bearish phase possibly lasting until 2026.

Bitcoin is struggling to hold on to 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 made many in the market nervous, wondering if this is a healthy correction or the start of a terrible bear market.

The case of the bear: fractals and fear

On one side of the ring, the bears roar. Analyst Doctor Profit sounds the alarm with a chilling 10-year fractal. “There is nothing that allows us to remain bullish in this market,” he declared in X. pointing to a historical pattern that suggests a bearish phase is now beginning, with a possible bottom not reached until October 2026.

His fatalistic forecast is amplified by the Crypto Fear and Greed Index, which plummeted from “greed” to “extreme fear” in just a few days, settling at 22, the lowest level since April. Trades worth more than $1.2 billion were liquidated, with long positions being the most affected.

According to market watchers, this level of fear has historically signaled a capitulation or the start of a massive buildup by whales.

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

The bullish backlash: liquidity and opportunity

Not everyone throws in the towel. Macro analyst Ted Pillows tweeted today that if gold liquidity flows into Bitcoin, the crypto asset could reach $150,000. suggestion that BTC could soon regain its “digital haven” narrative.

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He says that since gold appears to be overextended, some of the money sitting on the sidelines could move into Bitcoin, which could spark another big rally.

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

Meanwhile, influencer Kyle Chassé paintings an even more radical panorama, which points to growing global liquidity. Their model suggests a path to $700,000 per Bitcoin if conditions hold.

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