CryptoQuant: Bitcoin Bear Cycle Over, Eyes $83,500
Kalshi reports CryptoQuant founder Ki Young Ju declaring Bitcoin's bear cycle finished and forecasting 12-24 months of bullish or sideways action with a year-end 2026 target of $83,500.
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Kalshi shared that CryptoQuant founder Ki Young Ju declared Bitcoin's bear cycle over, projecting 12-24 months of bullish or sideways price action and a $83,500 close for 2026.
Bitcoin trades at $83696.65 on the 4h chart inside a bullish structure defined by the EMA50 at $83461.61 and EMA200 at $82328.15. Momentum shows RSI(14) at 53.9 in neutral territory while MACD(12,26) prints a bullish golden cross at 23.43. Price sits inside the Bollinger Bands with upper resistance at $84299.66 and lower support at $82298.34. With price testing upper Bollinger resistance while RSI remains neutral, a healthy retracement toward the 50-EMA support at $83461.61 appears probable before continuation.
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