Bitcoin Breaks $72K, Analyst Says Early Bull Market, Targets $82K

Prominent analyst Doctor Profit announced on Thursday that Bitcoin is in the early stages of a bull market, setting $82,000 as the target for full confirmation of this shift.

Doctor Profit's View on Market Shift

In a post on X, Doctor Profit stated that Bitcoin broke through four to five full bear market resistance zones in a single day, including the bear market resistance band he had long predicted would eventually be broken.

He declared the bear market over, noting that the market is now transitioning into what he described as a soft bull market.

He listed three resistance zones that still need to be broken before the bull market is fully confirmed:

$71,500 — must be broken with significant trading volume above this level or a weekly close above it

$78,000 — same conditions apply

$82,000 — once this level is broken, the path to a full bull market opens up

"I am confident we will reach these targets in the coming weeks," Doctor Profit wrote, adding that the past two days suggest the timeline could move faster than expected.

He also congratulated followers who had been accumulating positions with him in recent weeks, as well as those who had covered short positions from $120,000 to $60,000 last month, calling Wednesday's liquidation event the largest in history for shorts.

Why Bitcoin's Golden Cross Matters Now

According to CoinDesk, Bitcoin is approaching a golden cross, a widely watched technical signal where the 50-day simple moving average crosses above the 200-day simple moving average.

The 50-day SMA currently sits at $63,976, while the 200-day SMA is at $69,005. Bitcoin is now trading above both at $71,936.

Since November 2025, Bitcoin has been trading below its 200-day SMA. Historically, a sustained break above this level typically signals a shift from bear market to bull market conditions.

What Two Key On-Chain Signals Are Saying

CryptoQuant noted on X that Bitcoin just recorded its largest profitable UTXO movement on Binance, meaning trapped buyers who held through the bear market are finally getting the opportunity to exit at profitable prices.

Analyst MorenoDV pointed out that this is occurring at the level where those trapped buyers are positioned.

Meanwhile, analyst CryptoGoos posted on X that Bitcoin has just broken above the short-term holder realized price, a level that has historically distinguished between bear and bull market regimes.

Short-term holders are now actively taking profits. Two consecutive weekly closes above this level would confirm the start of a new bull market.

Failure to hold this level would mirror the 2018 pattern, when a similar breakout faded and prices fell one more leg before recovering.