Bitcoin's push back above its 50-week moving average marks a historic turn that confirms the bear market is over, analyst Doctor Profit said in a Sunday post on X. According to Odaily, he said he had rejected the popular view that the weekly MA50 was an unbreakable resistance destined to send Bitcoin crashing toward the $50,000s, drawing a parallel to 2022–2023, when Bitcoin also failed to clear the level on its first try, trapped the bears through several attempts and then broke out. This week, he said, the market pushed above the weekly MA50 near $78,700, with Bitcoin trading around $80,375 at the time of writing — making a weekly close above that area look likely if price holds.

Doctor Profit said the recent bear trap echoes 2022–2023: three to four weeks of rejections, a shakeout, then a recovery and breakout above the moving average, with bears reading weakness as confirmation of another collapse just before the market reversed. He said he weighs the weekly MA50, the weekly MA200, on-chain signals and the broader structure together, and that the overall picture is very bullish. Bitcoin remains within a $71,000–$82,000 range, he noted, with a breakout above the $82,500–$83,000 region the stronger confirmation — though the MA50 reclaim suggests that move could come within days, and a weekly close above $78,700 would confirm the start of a bull market for him.

He added that of the seven times Bitcoin has broken below the weekly MA50 and then reclaimed it, five marked the start of a bull market while two proved to be traps — in 2011, when BTC had virtually no liquidity, and in 2020 during the Covid crash — so reclaiming the level has usually signaled a bull run, especially after an exhausting bear market. Doctor Profit said his strategy is unchanged: holding spot and targeting $88,000 once the remaining resistance breaks, adding that names he tracks have been strong, with CRCL up almost 50% and COIN and Ether also performing well.