Bitcoin breaks $85000, multiple traders and analysts believe bear market is over

Bitcoin quickly rose from $81000 to over $85000. The trading giant whale predicts that Bitcoin will stand firm at $80000 and will target $100000. Doctor Profit stated that Bitcoin has surpassed the 50 week moving average of $78700. If it continues to close above this week, it will be seen as a bullish signal, with a target of $88000. Alex Thorn, the research director of Galaxy, expressed a similar technical analysis viewpoint. PlanB indicates that Bitcoin has reached the 50 week moving average of $79000 and the next target is the 100 week moving average of $89000. Jiang Zhuo'er expects Bitcoin to hit the high resistance zone of 83000 to 84000 US dollars before rebounding, and recommends holding the entire ETH spot position. Killa believes that the bottom of this cycle has formed, and the next target is to reach as high as $88000. If it falls below $80000, it may test the low point of $70000.