Doctor Profit says Bitcoin’s bear market is over after breaking 4-5 resistance zones

Bitcoin has broken through four to five complete bear-market resistance zones in a single day, prompting trader Doctor Profit to say the bear market has ended and the market is entering the early stages of a bull market. The move included a resistance band he had previously tracked and, in his view, weakened doubts about the indicator’s effectiveness. Doctor Profit said only several key resistance areas remain ahead; clearing them would provide further confirmation that a new bull cycle has begun. He identified $71,500, $78,000 and $82,000 as the main levels to watch. A sustained move above $71,500, or a weekly close beyond it, would confirm a key breakout, while clearing $78,000 would represent another important step. A break above $82,000 could open greater upside for the bull market. The market has also recently experienced one of the largest Bitcoin short-liquidation events in history, while some investors missed opportunities to build positions after relying on the four-year cycle or anticipating an August correction.

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