Expert sets crucial condition that will confirm Bitcoin's bull market

What happened

Bitcoin rebounded above $80,000 on September 19, driven by demand for spot Bitcoin ETFs, short liquidations, and better regulatory sentiment. An analyst says Bitcoin is now testing a resistance zone between its 1-day 20-period moving average and 50-week moving average, which could confirm a bull market.

Confirmed

Global impact / market context

If Bitcoin breaks this resistance, it may signal a sustained uptrend, drawing more investors into crypto and boosting sentiment across digital assets. A failure could mean another price drop, shaking confidence in the recent recovery and impacting those holding Bitcoin or related investments.

Analyst inference

This technical test comes after a sharp rebound, with ETF demand and short liquidations, where traders betting on price declines are forced to buy back, fueling gains. The outcome could set the tone for crypto market momentum and investor appetite for risk in the near term.

Analyst inference

What to watch

1. Watch whether Bitcoin's price decisively closes above the 1-day 20-period moving average and 50-week moving average, which the analyst calls the key barrier between a bear phase and a new bull cycle. Confirmed
2. Monitor trading volume around the resistance zone, as higher volume on a breakout would confirm real buying interest, while low volume could signal a false move that fails to sustain the rally. Proposed
3. Track whether spot Bitcoin ETF inflows continue, since renewed demand was a primary driver of the rebound; a slowdown in those flows could weaken momentum ahead of the technical test. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• finbold.com