BTC Pullback to $87K Is First Real Bull-Market Dip to Buy
Bitcoin is still holding above the 1-year and 2-year exponential moving averages, and Jurrien Timmer and Matt Hougan both lean constructive even after a ~7% drawdown from local highs.
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Bitcoin is still holding above the 1-year and 2-year exponential moving averages, and Jurrien Timmer and Matt Hougan both lean constructive even after a ~7% drawdown from local highs.
ETF flows, institutional tokenization and Ethereum treasury holdings underpin the thesis, but the video’s historical returns and cycle forecasts are not guarantees.
The bullish projection comes alongside a technical caution: Bitcoin has often retested its bull market support band during new cycles, though timing and price can vary.
Lee’s call puts investor sentiment back in focus, though the seed gives no supporting indicators or market-wide price data.
The Bitmine chairman’s call puts a prominent market strategist on record with a bullish view, but offers no specific price target or timing.
The bullish case rests on a post-tightening shift toward expansion, but Bitcoin and Ethereum may need more consolidation before the next decisive move.
The MVRV cross above its 365-day average has appeared only twice before, in 2019 and 2023, and each time it marked the opening move of a full Bitcoin bull cycle.
The setup echoes prior cycle-turning points, but the key investor lesson is discipline: a technical breakout can lift the market while still punishing traders who chase extended coins.
The target depends on a full bull market, but Bitcoin’s move above the $82K-$84K resistance zone has strengthened the technical case for a run toward $100K.
The reclaim gives bulls a stronger trend signal, but Bitcoin must hold near $78,115 to validate the breakout and avoid the failed recoveries seen in 2021 and 2022.
Sustained reads above 1 mean sellers exiting in profit are being absorbed by demand, the defining texture of a structural bull phase. A retest below would flip the signal.
A wall of on-chain supply sits overhead: long-term holders sold up to 539,000 BTC in the $77,100-$80,200 zone, and the 365-day moving average at $81,700 is the line bulls need to break.
Neer reads the 200-week moving average bounce, Bessent's bond-buyback signal, and ETH's nine-year downtrend break against BTC as confirmation of a structural cycle, not a reflexive bear rally.
Crypto has never traded through a PMI regime above 65; the closest analog on record is the 1950 Korean War boom, when Q1 GDP grew 16.7% annualized and the index hit 77.5.
Dollar strength into year-end will likely drag gold another 2-4 weeks, but the central-bank bid and policy-print expectations say the bull cycle's structural, not finished.
The chartist is now dollar-cost averaging into ETH and SUI from current levels, treating the post-QT normalization dip as a once-per-cycle accumulation zone before the next expansion leg.
CryptoQuant's Bull Score jumped from 30 to 80 in a single week, the strongest reading since October 2025, while short-term holders booked a record $614M in realized profits in one day.
Wealth management and family office capital flowing into Bitcoin over the next two years is expected to drive the next bull cycle, with $250K acting as the first major psychological barrier.
The JPMorgan CEO's rare straight-up bullish call on equity markets carries weight because his tone has historically tilted risk-off, framing the rally as a wave worth riding rather than fading.
MicroStrategy acquired 1,587 Bitcoin for roughly $100 million and Tom Lee's BitMine bought about $135 million worth of…