BIT Research Says Bitcoin Bear Market Is Over, Sees $185K–$215K Scenario
- —BIT Research declared Bitcoin's bear market over
- —Cycle upside scenario set at $185,000–$215,000
- —BTC trades above $83,000 with 42% quarterly gain
- —Average holder cost basis at $76,897, ETF buyers back in profit
Why it matters: The report sets a reference target for the bull case, though the firm calls the timing of any move highly uncertain.
Source: CryptoPotato
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