Bitcoin staged a decisive breakout on Monday, surging more than 8% and pushing above the $83,000 resistance level as bullish sentiment returned to the market. The move saw BTC climb above its 50-week moving average for the first time in 45 weeks, a development that Alex Thorn, Head of Firmwide Research, described as historically strong confirmation that a bear market has reached its lows.
According to data from Glassnode and CryptoQuant, Bitcoin also closed above its 365-day moving average for the first time since March 2023, breaking a long-term trendline that has marked the start of every bull run since 2019. The rally carried price into the $85,897 zone, absorbing a large wall of sell orders that had capped the market since mid-August. The breakout above the psychological $80,500 level has officially shifted the market into a confirmed uptrend, the analytics platforms reported.
On-chain indicators added to the bullish picture. The MVRV ratio crossed above its long-term average, entering a zone of sustained upward momentum similar to macro cycle beginnings in 2019 and 2023. Meanwhile, the SOPR index suggested that profit-taking was being absorbed by strong spot demand, and sellers were no longer willing to part with coins at a discount. Large capital holders reportedly began moving in the same direction as exchange traders for the first time in three years.
A geopolitical de-escalation triggered a $618 million net taker surge, helping wipe out Bitcoin shorts and reinforcing the upside move. CryptoQuant researchers nevertheless advised a pragmatic approach, noting that the market in fall 2026 is much more dependent on inflows into U.S. spot ETFs and Federal Reserve monetary policy than in previous cycles. The immediate task for buyers is to defend $80,500 as support, while the next major resistance sits in the $88,000–$90,000 zone; a breakout there could open the door to new all-time highs.
