BIT Research Sees End of Bear Market, Predicts $185K-$215K Price Range

BIT Research has declared that the Bitcoin bear market is over and has turned bullish on the asset's long-term prospects. According to the firm, key technical signals have improved and a late-July low held above $62,900, supporting a more optimistic view of the market.

The researchers pointed to recovering profitability for holders, stronger ETF inflows, and macroeconomic conditions tied to rising US debt as supportive factors for the current rally. The True Market Mean estimated at $76,897 indicates that both typical holders and average spot ETF buyers have returned to profit.

BIT Research also noted that historical cycle analysis points to a possible price range of $185,000 to $215,000, although they stressed that timing is uncertain and short-term pullbacks remain possible. The firm's debt-based valuation model produces a reference value near $105,000.