PlanB: Bitcoin stands above the 50-week moving average, eyeing $89,000, bear market confirmed over.

BlockBeats news, September 19 - Renowned analyst PlanB posted that Bitcoin has climbed above the 50-week moving average (around $79,000), with the next target being the 100-week moving average (around $89,000).

PlanB also stated that he has personally confirmed the end of the bear market, with August closing price at $78,571, multiple indicators starting to improve, the proportion of Bitcoin in profit rising from 50% to 72%, and the monthly RSI increasing from 41 to 51, thus judging that the bottom has passed and the outlook is bullish.