TREE NEWS reports: Analyst PlanB said on X that bitcoin has reclaimed its 50-week moving average at around $79,000, with the 100-week moving average near $89,000 as the next target. He said he has confirmed the bear market is over, citing an August close of $78,571, the share of profitable bitcoin rising from 50% to 72%, and the monthly RSI climbing from 41 to 51.
PlanB: Bitcoin Above 50-Week MA, Next Target $89K as Bear Market Ends
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AI take
The claim rests on a technical reclaim plus improving on-chain profitability and momentum, which is a meaningful shift in framing for a market that spent months below trend. What matters is whether the 50-week level holds as support rather than acting as a ceiling, and whether the profitable-supply share and monthly RSI keep improving. The 100-week average is the obvious reference point if the reclaim sticks; failure to hold would undercut the 'bear market over' call.
Generated by AI for reference only.
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