Bitcoin Bear Market Over, BIT Research Sees Cycle Peak at 185k–215k

Bitcoin pulled back from above 87 000 dollars and is now hovering near 83 000. BIT Research says the bear phase ended in late July when price held above 62 900 dollars and crossed the 21-week moving average at 69 272 dollars, confirming the shift to an uptrend.

A model linking Bitcoin to U.S. federal debt of roughly 40.1 trillion dollars puts fair value near 105 000 dollars. The firm’s True Market Mean sits at about 76 897 dollars; past cycles peaked at least 85 % above this level, pointing to a base target around 142 000 dollars.

BIT Research expects the cycle to exceed that base. Factoring in shrinking growth multiples from prior rallies, the firm’s bullish scenario puts the peak between 185 000 and 215 000 dollars.

Based on information from cryptonews.net