BIT Research predicts Bitcoin could reach $185K–$215K based on historical trends, citing improved ETF inflows and reduced selling pressure as BTC trades above $83K.
Macro & Markets ·
BIT Research has declared Bitcoin's bear market finished, projecting a potential trading range between $185,000 and $215,000 grounded in historical patterns. The cryptocurrency is currently above $83,000 and on pace for a 42% quarterly gain, with ETF inflows and the average holder returning to profitability seen as reducing selling pressure. The firm's analysis draws on cost basis data and macroeconomic factors like elevated US federal debt, though analysts acknowledge a stronger dollar poses a near-term headwind and note that pullbacks remain possible despite the bullish scenario.