Bitcoin breaks through $85,000, with many analysts believing the bear market has ended
2026-09-21 18:14:30
According to CoinMeta, recently Bitcoin has rapidly risen from $81,000 to break through $85,000. Trading giants predict that if Bitcoin can hold above $80,000, it could aim for $100,000. Analysts doctor and profit stated that Bitcoin has broken through the 50-week moving average of $78,700, and if it maintains this level at the close of this week, it will be seen as a signal for the start of a bull market, with a target of $88,000. Research director galaxy and alex also expressed similar technical analysis views. Analyst planb noted that Bitcoin has reached the 50-week moving average of $79,000, and the next target is the 100-week moving average of $89,000. Jiang Zhuoer expects Bitcoin to reach the high resistance area of $83,000 to $84,000 before pulling back, suggesting holding a full position in ETH spot. Analyst killa believes that the bottom of this cycle has been formed, with the next target set at $88,000; if it falls below $80,000, it might test the low of $70,000.
Source:Internet
This content is for market information only and does not constitute investment advice.
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