Bitcoin is trading around $85,300 to $86,000, while Ethereum holds near $2,700, keeping the broader crypto market focused on whether a new bull phase has really begun. Some traders also believe altcoins are ready for stronger moves. One reputed analyst argues that Bitcoin proved the $60,000–$64,000 range was a key buy zone before it rallied about 40% toward $82,000. After a 10% pullback to $74,000 tied to the Clarity Act news, BTC broke above $82,000 and then $87,000, turning that area into support.
According to that view, as long as Bitcoin holds $87,000, the next objective is $90,000 and then $97,000. The analyst expects a 15% correction once $97,000 is reached, followed by sideways consolidation between $82,000 and $97,000. He also notes that sentiment remains broadly bearish despite the rally, and institutions may look to squeeze greedy shorts before a longer consolidation phase begins.
However, CryptoCon presents a more cautious cycle-based outlook. The analyst says Bitcoin’s Spent Output Profit Ratio, or SOPR, has not yet entered the deep high-loss zone seen near previous major bottoms in September 2014, December 2018, March 2020 and November 2022. Because that capitulation signal is still missing, the current recovery could be a false start within a broader bear-market structure. CryptoCon’s Halving Cycles Theory places a possible final bottom between November 2026 and January 2027, meaning the market may still need to resolve the incomplete cycle before confirming a lasting bull phase.
