[PlanB: Bitcoin Breaks Above 50-Week Moving Average, Targeting $89,000, Bear Market Confirmed Over] BlockBeats News, September 19 – Renowned analyst PlanB stated that Bitcoin has broken above the 50-week moving average (approximately $79,000), with the next target being the 100-week moving average (approximately $89,000). PlanB also mentioned that they have personally confirmed the end of the bear market. The closing price in August was $78,571, multiple indicators have started to improve, the proportion of Bitcoin in a profitable state has risen from 50% to 72%, and the monthly RSI has increased from 41 to 51. Therefore, they believe the bottom is behind us, and the market outlook is bullish. [Original Link]