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Bitcoin accelerates its rally, with traders and analysts' latest views summarized: "The bear market is over" has almost become a consensus.

BlockBeats news, September 21, this afternoon, after the U.S. stock pre-market opened, Bitcoin quickly surged, rising about 5% in nearly two hours, rapidly climbing from $81,000 to break through $85,000. Before this main upward wave, several traders and analysts had already reached a consensus that the "crypto bear market is over." BlockBeats summarizes as follows:


In late August and early September, trading whale "First Set 10 Big Targets" predicted that "if Bitcoin firmly holds $80,000, it will target $100,000, the last chance to get on board." At the same time, he confirmed that "getting on board at $80,000 or even above $80,000, I think it is still not too late, there is still room. $100,000 will most likely be reached earlier than I originally expected."


Well-known trader Doctor Profit said yesterday that Bitcoin has broken above the 50-week moving average (MA50), currently located at about $78,700. If it can stay above this average by the weekly close, he will regard it as a confirmation signal for the start of a new bull market, with a target of $88,000 after the remaining resistance is broken. Galaxy research head Alex Thorn also recently expressed a similar technical pattern analysis view.


In addition, well-known analyst PlanB, previously criticized as an "eternal bull," posted last week that Bitcoin has stood above the 50-week moving average (about $79,000), with the next target being the 100-week moving average (about $89,000), and he also confirmed that the bear market is over.


LTC mining pool founder Jiang Zhuoer posted that while going long, he remains relatively cautious. He expects Bitcoin to "touch the high resistance zone of 83~84k, and then begin a major pullback. But in this pattern, this is not the highest point, wait and see, do not short. Hold a full position in ETH spot and wait for gains."


Well-known trader Killa's recent view has consistently been that data from several Bitcoin bull-bear cycles shows that bear market depth is gradually becoming shallower, and the bottom of this cycle may have already formed. The "drop to $50,000 in October" that some who missed out are hoping for is "almost impossible." His latest view is: Bitcoin's next target could be as high as the $88,000 range; if it quickly falls back below $80,000, it may test a low of $70,000, but based on volume analysis, this scenario is currently unlikely.

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