Bitcoin Breakout Above $87K Could Signal Bear Market Is Finally Over Today

Bitcoin eyes $87K breakout as analysts watch $77K support, $84K-$87K resistance, and a possible end to the bear market.

Bitcoin could face a key test near $87,000 as traders watch for a clear move above resistance.

A breakout above that zone could change the current market structure and support the view that the bear market is ending.

The next move may depend on whether buyers can protect short-term support and push price through the main resistance area.

Bitcoin Faces Key Resistance Near $87,000

Market analyst Michaël van de Poppe said Bitcoin needs to break above the $84,000 to $87,000 zone. He said that move would give evidence that the bear market is likely over.

He said a move through this area would cancel many bearish retest scenarios. It would also create a new higher high on the chart.

“The most bullish scenario for Bitcoin would be this breakout to $100K,” he wrote. He added that the move would need follow-through after the breakout.

He said Bitcoin would then need to form a higher low. The old resistance area would also need to turn into support.

The analyst said he is not giving the scenario high value yet. However, he said the zone shows where the most important resistance sits.

Support Near $77,000 Remains Important

Analyst Ali Charts said Bitcoin is consolidating inside a rising channel on the four-hour chart. He said the price was rejected near the upper boundary.

Bitcoin then returned to test the lower support area near $77,000. He described that level as the main structural barrier for the short-term trend.

He said buyers must defend $77,000 for the rising channel to remain valid. A hold above that level could support a rebound.

“If this floor holds, it could serve as a strategic rebound zone,” he wrote. He pointed to $81,500 as the channel mid-range target.

He also listed $84,500 as a secondary target near the channel top. A clear close below $77,000 would break the short-term structure.

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Past Market Cycles Remain in Focus

Michaël van de Poppe compared the current setup with past Bitcoin declines. He said Bitcoin often reaches a new all-time high within twelve months after a sharp fall.

He noted that one exception came in late 2022 during the FTX collapse. That event led to new lows after an earlier market decline.

He said a similar shock could happen again, but conditions are different now. He pointed to new highs in the Nasdaq and a changing business cycle.

He also said Bitcoin has already reached extreme downside areas by statistical measures.

In his view, the bear market has likely reached its deeper stress zone. For now, traders are watching two main levels.

The first is $77,000 support, and the second is $84,000 to $87,000 resistance.

A breakout above $87,000 could signal that Bitcoin’s bear market is finally over today.

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