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>>Bitwise analyst says the Bitcoin bull market surpassing $80,000 marks a pivotal shift.

Bitwise analyst says the Bitcoin bull market surpassing $80,000 marks a pivotal shift.

crypthub

1 day ago

Key $80,000 Threshold

The $80k level matches the average cost basis of both short‑term and long‑term Bitcoin holders. A stable break above it puts most investors in profit, easing sell pressure. Dragosch says this psychological and technical point marks the shift from bear to bull market.

ETF Flows and External Catalysts

U.S. spot Bitcoin ETFs, launched in early 2024, use $80k as a performance benchmark for inflows. Trading consistently above this price reinforces institutional confidence and may spark a virtuous cycle of investment. A recent cease‑fire news lift of about 3% shows how geopolitical risk sentiment can boost Bitcoin alongside on‑chain metrics.

Broader Market Impact

A confirmed bull break is expected to lift altcoins, mining equities and related infrastructure stocks. Dragosch’s analysis relies on verifiable on‑chain data and ETF flow statistics, reflecting Bitwise’s institutional research rigor. This data‑driven framework gives investors a clearer view of Bitcoin’s long‑term trajectory.