A definitive shift in market structure has been declared by prominent analyst Michaël van de Poppe, who asserts that the Bitcoin bear market concluded in February at the $60,000 price level. This assessment challenges the prevailing narrative of continued downside risk, positing instead that the asset has entered a recovery phase characterized by historical technical patterns. The declaration rests on the observation that Bitcoin's price action has aligned with long-term moving averages, specifically touching the 200-week moving average during the February dip. Woofun AI notes that this specific confluence of price and support levels mirrors the formation of significant market bottoms throughout Bitcoin's history, with the notable exception of the 2022 FTX collapse.

The analytical framework provided by van de Poppe relies heavily on the behavior of the 50-week moving average, which currently sits near $93,000. Historical data indicates that following the conclusion of a bear market, Bitcoin typically rallies to intersect this 50-week metric before undergoing a corrective pullback. This trajectory suggests substantial upside potential remains available before any significant retracement occurs. The current rally from the $60,000 floor is therefore interpreted not as an overheated market condition, but as a standard progression consistent with previous cycles. Woofun AI figures indicate that the distance between the current price action and the $93,000 target represents a logical expansion phase rather than a speculative bubble.

Fundamental drivers supporting this bullish outlook include the absence of macroeconomic or sector-specific factors that would necessitate a new price low. Van de Poppe argues that bearish sentiment has become disproportionately popular among market participants, creating a divergence between price action and trader psychology. The identification of $60,000 as a definitive bottom offers a critical reference point for risk management and portfolio strategy, suggesting that the market has already priced in the worst-case scenarios. This perspective reframes the current price levels as an accumulation zone for both retail and institutional investors rather than a distribution phase.

Despite the optimistic structural assessment, the analysis includes necessary caveats regarding short-term volatility. A correction toward the 50-week moving average is described as a normal component of the market cycle, meaning temporary price fluctuations should not be misinterpreted as a return to bearish conditions. The key takeaway remains that the structural trend has shifted, even if the path to higher valuations is not linear. Woofun AI analysis suggests that while no prediction is guaranteed, the data-driven framework presented offers a coherent counterpoint to dominant bearish narratives. Investors are advised to weigh this technical evidence alongside their own risk tolerance when formulating trading strategies.