Johnson said that he could understand why gold and Pokémon cards have 
investment appeal but not Bitcoin, which he characterized as a scam.

Former UK Prime Minister Boris Johnson calls Bitcoin a ‘Ponzi scheme’

BTC faces bull trap risks due to the formation of a bear flag pattern, with a 
measured downside target at around $51,000.

Bitcoin beats stocks as Strategy’s STRC hints at $776M BTC buying potential

President Donald Trump said Saturday that the United States and allied nations 
are preparing to send warships to the Strait of Hormuz to keep the world’s 
most critical oil chokepoint open as the Iran conflict threatens roughly 20% 
of global petroleum flows. Strait of Hormuz Flashpoint: Trump Calls for 
Warships as Iran Targets Shipping Trump’s […]

Oil Markets Brace as Trump Calls Allied Navies to Defend Hormuz Passage

Crypto pundit Crypto Bully has shared his base case for Bitcoin and what to 
expect before the flagship crypto rallies above $100,000. This comes as BTC 
continues to struggle to hold above the $70,000 resistance amid escalating 
tensions in the Middle East. Analyst Shares Base Case For Bitcoin In an X 
post, Crypto Bully stated that the path and exact levels of Bitcoin are not 
important in the long run, aside from immediate support and resistance levels. 
The analyst shared key points, including the observation that downside retests 
have not worked for a while. He pointed to the $85,000 level, which he noted 
is the logical lower high from the previous value generated before a further 
collapse due to extensive selling. Related Reading: The Bitcoin Game Plan That 
Shows How To Navigate BTC Below $100,000 However, the analyst suggested that 
the downtrend is not over, noting that bear market bottoms take months, not 
weeks. His accompanying chart showed that Bitcoin could still drop to $50,000. 
In the short term, he predicted that the flagship crypto could drop to 
$65,000. As for the bullish outlook for BTC, Crypto Bully stated that a break 
above the current level near $72,000 could easily spark a rally towards 
$85,000. He explained that a Bitcoin rally to $85,000 is possible, given the 
strength the flagship crypto has shown amid the ongoing geopolitical turmoil. 
The analyst added that the aggressive inflows into the BTC ETFs have not 
disappeared during this period. SoSoValue data shows that the Bitcoin ETFs 
recorded a net inflow of $767 million this week. Crypto Bull said the best DCA 
strategy is to buy Bitcoin whenever it drops from $65,000 down to $50,000. He 
revealed that his current spot buying average is around $67,000. BTC Is Not 
Yet At A Bottom A CryptoQuant analysis noted that the Bitcoin bottom is “not 
quite” in. The analysis revealed that, despite BTC’s resilience amid recent 
geopolitical tensions, on-chain data indicate the leading crypto is in a 
critical “stress test” phase. It added that the bottoming process could take a 
long while, with institutions being the primary investors in this cycle. 
Related Reading: Has Bitcoin Price Bottomed Yet? Analyst Says We’re Not There 
Yet The analysis also highlighted two paths to a Bottom for Bitcoin. The first 
path is a potential Black Swan that could trigger a crash, forcing 
liquidations and wiping out high-cost “new money.” CryptoQuant noted that this 
is the fastest route to a solid floor, which could form between one and two 
months. The second path is longer and involves a scenario in which Bitcoin 
trades sideways between $60,000 and $80,000 for a year, allowing new money to 
grow into long-term holder status. Under this path, the bear market could 
extend to late 2026 or early 2027. At the time of writing, the Bitcoin price 
is trading at around $71,000, down in the last 24 hours, according to data 
from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

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

Over the past seven days, the stablecoin economy padded its coffers with 
another $2.983 billion, gliding past the $315 billion threshold this week. 
Among the ten largest fiat-pegged tokens by market capitalization, Circle’s 
Treasury-fund stablecoin USYC posted the biggest weekly gain, climbing 13.9% 
over the same stretch. Top 10 Stablecoins Control 94% of a $315B […]

Cryptocurrency price in USD