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Bitcoin price tops $84,000, signaling potential end of bear market after 45 weeks below 50-week average.

Market News
21 Sep 2026, 12:30 WIB
Bitcoin
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Bullish
Bitcoin price tops $84,000, signaling potential end of bear market after 45 weeks below 50-week average.

Bitcoin's price surged past $84,000 on September 21, closing above its 50-week moving average for the first time in 45 weeks, a key technical milestone that suggests the bear market may be over. Analysts like Alex Thorn and Ted Pillows highlight that reclaiming this level historically marks the bottom of bear markets, with Bitcoin potentially on a bullish trend for the next few years. The price spike triggered over $212 million in short liquidations and pushed Bitcoin's market cap to $1.65 trillion, contributing to a broader crypto market cap nearing $2.9 trillion. Bitcoin is now approaching its January 1 price of $87,600, strengthening hopes for net gains by year-end after a 40% rise since July.

Following Bitcoin's recent surge past $84,000, on Pluang the cryptocurrency trades at Rp1.514.321.268 as of Sep 21, 2026 16:41 WIB, showing a 6.35% increase in one day. The market cap on Pluang stands at Rp30.326,65 trillion, with a 24-hour trading volume of Rp550,55 trillion. Despite the price rise, most Pluang users are currently selling, with 77% of order activity as Sell and a typical holding period of 110 days.

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