DeFi Report founder Michael Nadeau said he is 90% confident Bitcoin has entered an early bull market. According to NS3.AI, he said Bitcoin could trade between $80,000 and $95,000 for months as persistent inflation and macroeconomic uncertainty delay the next major rally.

Nadeau identified $77,000 as the key level to watch for confirmation of the bull market. He also said fundamentally strong altcoins could outperform Bitcoin in this cycle.