Bitcoin price retakes $81K: Is BTC in bear market rally or a 'supercycle'?
Cointelegraph
Bitcoin has reclaimed $81,000, sparking debate among analysts over whether this signals a new 'supercycle' or merely a temporary bear-market rally.Summary
Bitcoin has risen to $81,325, prompting analysts to debate whether the asset is entering a 'supercycle' or a bear-market rally. Proponents of the 'supercycle' theory, such as analyst PlanC, argue that institutional demand is absorbing supply and preventing deep drawdowns, potentially pushing prices toward $250,000. Conversely, technical analysts caution that Bitcoin is testing significant resistance at its 200-day exponential moving average, suggesting a risk of short-term pullbacks similar to patterns seen in previous bear markets. While some traders view the $60,000 level as a cycle bottom, others warn that failing to hold the $80,000 range as support could trigger a decline.
(Source：Cointelegraph)