**Bitcoin Surpasses $85,000 as Analysts Highlight Bullish Signals**
Bitcoin’s price has surged past $85,000, signaling a notable recovery following weeks of decline. With a 2.7% gain over the past week, the cryptocurrency is gradually rebounding from earlier losses. While broader market caution persists, investors are closely monitoring whether BTC can sustain its upward trajectory or face potential pullbacks.
**Bullish Indicators and Market Analysis**
Amid ongoing price volatility, CryptoQuant analyst Crypto Dan examined current market conditions in his report, *“Past Bull Cycle vs. Current Market.”* Drawing parallels to historical trends, Dan noted that bear markets, though marked by prolonged downturns, often present accumulation opportunities. He highlighted that past cycles saw significant stop-loss liquidations triggering massive sell-offs and prolonged bearish sentiment.
**Bitcoin’s Spent Output Profit Ratio (SOPR)**
*Bitcoin Spent Output Profit Ratio (SOPR) | Source: TradingView*
In contrast, the current cycle has avoided such extreme liquidations, with Bitcoin’s recent dip staying within a typical 30% correction range. Despite fears of a bear market, broader macroeconomic trends suggest the bull cycle remains intact. Dan emphasized that short-term uncertainties—such as geopolitical tensions and trade disputes—could temporarily dampen sentiment. However, he anticipates a strong market rebound once these factors subside, stating:
*“Uncertainty is an inherent market trait, perpetually shaping investment landscapes. Our focus remains on risk management and adaptive strategies.”*
Notably, Bitcoin’s accelerating withdrawal from exchanges signals investor accumulation rather than preparation for sell-offs, reinforcing bullish expectations.
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