Cryptocurrency analyst Benjamin Cowen analyzed that although Bitcoin (BTC) has surpassed $81,280, it is still too early to conclude that the bear market is over. He stated, "The pattern of BTC prices experiencing temporary corrections during the formation of a golden cross has been observed in the past. More important than the decline in early September is how the current rebound concludes. If, like in 2019 and 2023, BTC breaks its previous high to form a new higher high and the weekly candle closes above the 50-week Simple Moving Average (50W SMA), it could be seen as a sign that the bearish trend has eased. On the other hand, if it faces resistance at the current level and forms a lower high than before, there is a possibility that the bear market will continue, similar to 2014-2015," he explained.
