Bitcoin ‘supercycle’ or bear-market rally? BTC breaking $81K has traders at odds
Bitcoin bottom calls grow as analysts target $180,000–$250,000 within a year, fueling debate over whether BTC has resumed its broader bull cycle.
Bitcoin (BTC) climbed 3.5% this week to hit $81,325 on Tuesday, its highest level since January. But is Bitcoin’s multi-month highs just a bear-market rally, or has it already bottomed to resume the so-called “supercycle,” as some traders suggest?
Key takeaways:
BTC/USD daily price chart. Source: TradingView