Has the bull market come?
If you look more weakly, this is just a mid-cycle rebound in a bear market—it ends around the 94,000 area. If you look more strongly, this is the final wave of extension in this bull run, similar to how in 2021 it went from halving 64,000 down to 30,000, then pushed to make a new high near 69,000.
BTC 94,000–98,000 is the watershed. If it can break above 98,000, it has the credentials to play out a 2021-style script; if it can’t break through, the rebound is basically over here.
If you look more weakly, this is just a mid-cycle rebound in a bear market—it ends around the 94,000 area. If you look more strongly, this is the final wave of extension in this bull run, similar to how in 2021 it went from halving 64,000 down to 30,000, then pushed to make a new high near 69,000.
BTC 94,000–98,000 is the watershed. If it can break above 98,000, it has the credentials to play out a 2021-style script; if it can’t break through, the rebound is basically over here.