Is Bitcoin's bull run confirmed?

Bitcoin has continued its impressive rally, holding comfortably above the $80.000 mark in recent days.

At the time of writing, the largest cryptocurrency is trading at $83.200, further fuelling optimism among investors.

30%

Since 19 August, Bitcoin has gained more than 30% in value. Moreover, the price remains comfortably above the psychologically important $80.000 level, a threshold that had provided stubborn resistance in recent weeks.

Notably, Bitcoin managed to climb higher despite several developments that were initially seen as headwinds. Investors largely ignored the failure of the US Clarity Act, as well as the Federal Reserve’s quarter-point rate hike. According to analysts, this points to the crypto market’s growing resilience.

The recent rise is supported by a combination of factors. In particular, the continued inflow of capital into US spot Bitcoin ETFs plays a major role. In addition, positive regulatory signals and the closing of short positions by investors who had previously bet on a price decline are helping.

Nevertheless, some analysts remain cautious. On the derivatives platform Hyperliquid, large traders remain net short, while in recent days more bitcoin has been sent to exchanges than withdrawn, which sometimes indicates possible selling pressure.