Bitcoin is currently trading around $79,126, up 2% in the last 24 hours and roughly 6% in the last week. BTC is slightly outperforming the broader crypto market as the level $80,000 comes back into focus.
$84K–$87K = Bear Market Done?
According to van de Poppe, a breakout above $84K–$87K would confirm a new higher high and likely signal that the bear market is over.
That kind of move would flip the structure fully bullish. Resistance turns into support, and the market starts building higher lows.
Historically, after drops like the move to $60K, Bitcoin usually recovers and hits new highs within a year, except for rare events like the FTX collapse. Add to that stronger macro conditions and new highs in traditional markets, and the backdrop looks more supportive this time.
What If It Fails?
If Bitcoin can’t break $79K, expect some sideways movement. A consolidation phase before another attempt is likely.
“In that case, there’s a level that I prefer to see hold: $73.5k+,” he said
Here, $73,500 becomes the level to hold. If that breaks, the structure weakens, and a deeper pullback toward lower levels could follow.
What’s Driving the Move?
BlackRock has driven about $2.1B into spot ETFs, while Strategy bought over 34K BTC in a week, far more than what’s mined, tightening supply and pushing prices higher. On the macro side, Kevin Warsh’s calling crypto part of the financial system adds confidence.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
About Author
