BlockBeats report: On September 21, after the pre-market opening of U.S. equities, Bitcoin surged rapidly, rising approximately 5% in nearly two hours and breaking through $85,000 from $81,000. Prior to this primary upward wave, several traders and analysts had already reached a consensus that "the crypto bear market has ended." BlockBeats summarizes as follows:
At the end of August and beginning of September, the trading whale "Set 10 Big Goals" predicted that if Bitcoin stabilizes at $80,000, it will aim for $100,000—the last chance to get on board. He also confirmed, "I still think it's not too late to enter even at $80,000 or higher; there's still room to grow. $100,000 will likely be reached sooner than I originally anticipated."
Renowned trader Doctor Profit stated yesterday that Bitcoin has broken above the 50-week moving average (MA50), currently around $78,700. If the price closes above this level by the end of the week, he views it as confirmation of a new bull market, with a target of $88,000 following the breakout of remaining resistance. Galaxy’s research head, Alex Thorn, has recently expressed similar technical analysis views.
Additionally, renowned analyst PlanB, previously criticized as an "eternal bull," posted last week that Bitcoin has risen above the 50-week moving average (approximately $79,000), with the next target being the 100-week moving average (approximately $89,000), and he confirmed the end of the bear market.
Jiang Zhuoer, founder of BitPool, wrote that while taking a bullish stance, he remains relatively cautious, expecting Bitcoin to "test the high resistance zone of $83K–$84K before initiating a major pullback. However, this pattern does not indicate the peak—observe for now, do not short. Hold full positions in ETH spot and wait for gains."
Renowned trader Killa has consistently argued that data from Bitcoin’s multiple bull and bear cycles indicate that bear market depths are gradually becoming shallower, suggesting that the bottom of this cycle may already have formed—making the much-anticipated drop to $50,000 in October highly unlikely. His latest view is that Bitcoin’s next target could reach the $88,000 range; if it rapidly declines below $80,000, it might test the lower support at $70,000. However, based on volume analysis, this scenario is currently unlikely.