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生蚝哥Oyster
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BullishToday’s Perspective: Has this Bitcoin rally really ended the bear market?
On September 21, ahead of the U.S. stock market open, Bitcoin suddenly gained momentum, jumping about 5% in nearly two hours—rising from $81,000 to break through $85,000. This breakout has come a bit abruptly, but in fact, there were already signs.
In recent weeks, many traders and analysts have reached a consensus: the crypto bear market is basically over.
- “First set 10 big targets” was said at the end of August and early September: once it holds above $80,000, it’s aiming at $100,000. Now that you’re on board, it’s not too late—$100,000 may even arrive earlier than expected.
- Doctor Profit pointed out that BTC has broken above the 50-week moving average (around $78,700). If this week’s close can hold above it, it would basically confirm the start of a new bull cycle, with targets looking toward $88,000.
- PlanB also confirmed that after BTC holds above the 50-week moving average, the next target is the 100-week moving average (around $89,000)—signaling an end to the bear market.
- Jiang Zuoer is relatively cautious, believing it may first test the $83,000–$84,000 resistance zone before pulling back, but he’s not bearish—he says he will continue holding ETH.
- Killa thinks this bear market has already turned less severe, and a bottom may have formed. A drop to $50,000 is unlikely. The next step, in his view, is $88,000.
My take is more direct:
Technically speaking, breaking through and holding above the 50-week moving average is indeed an important signal. Historically, this is often the key level where the medium-term trend turns bullish. With volume supporting the rally, it suggests money is genuinely flowing back in. After the short-term push to $85,000, the $88,000–$90,000 range will likely be the next clear resistance. A pullback is inevitable, but the depth is probably limited.
More importantly, it’s about sentiment and liquidity. Earlier, the market kept wrestling with the question of whether this was a “false breakout.” Now multiple voices are turning bullish at the same time, and the pressure on sidelined capital to chase will only grow. Of course, we’re not at a fully “irrationally euphoric” stage yet—talking about $100,000 is still a bit early—but in terms of direction, I’m inclined to believe the bear market has already passed and we’re entering a transitional phase of range-bound upside.
For my own trading: I won’t chase. I’ll wait for a pullback to key support before considering adding. Betting it all at once (all-in) is too risky—staging the entries is more prudent.
What do you think about this move? Is it confirming the start of a bull market, or is it another bull trap? Feel free to share your thoughts.
On September 21, ahead of the U.S. stock market open, Bitcoin suddenly gained momentum, jumping about 5% in nearly two hours—rising from $81,000 to break through $85,000. This breakout has come a bit abruptly, but in fact, there were already signs.
In recent weeks, many traders and analysts have reached a consensus: the crypto bear market is basically over.
- “First set 10 big targets” was said at the end of August and early September: once it holds above $80,000, it’s aiming at $100,000. Now that you’re on board, it’s not too late—$100,000 may even arrive earlier than expected.
- Doctor Profit pointed out that BTC has broken above the 50-week moving average (around $78,700). If this week’s close can hold above it, it would basically confirm the start of a new bull cycle, with targets looking toward $88,000.
- PlanB also confirmed that after BTC holds above the 50-week moving average, the next target is the 100-week moving average (around $89,000)—signaling an end to the bear market.
- Jiang Zuoer is relatively cautious, believing it may first test the $83,000–$84,000 resistance zone before pulling back, but he’s not bearish—he says he will continue holding ETH.
- Killa thinks this bear market has already turned less severe, and a bottom may have formed. A drop to $50,000 is unlikely. The next step, in his view, is $88,000.
My take is more direct:
Technically speaking, breaking through and holding above the 50-week moving average is indeed an important signal. Historically, this is often the key level where the medium-term trend turns bullish. With volume supporting the rally, it suggests money is genuinely flowing back in. After the short-term push to $85,000, the $88,000–$90,000 range will likely be the next clear resistance. A pullback is inevitable, but the depth is probably limited.
More importantly, it’s about sentiment and liquidity. Earlier, the market kept wrestling with the question of whether this was a “false breakout.” Now multiple voices are turning bullish at the same time, and the pressure on sidelined capital to chase will only grow. Of course, we’re not at a fully “irrationally euphoric” stage yet—talking about $100,000 is still a bit early—but in terms of direction, I’m inclined to believe the bear market has already passed and we’re entering a transitional phase of range-bound upside.
For my own trading: I won’t chase. I’ll wait for a pullback to key support before considering adding. Betting it all at once (all-in) is too risky—staging the entries is more prudent.
What do you think about this move? Is it confirming the start of a bull market, or is it another bull trap? Feel free to share your thoughts.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.