Bitcoin Breakout Above $87K Could End Bear Market—Key $77K Support, $84K–$87K Resistance

Bitcoin breakout above $87K is being watched closely as analysts argue it could mark the end of the current bear market. Traders are focused on whether buyers can defend short-term support and push through the resistance band of $84,000–$87,000. Market analyst Michaël van de Poppe said Bitcoin needs a break above $84,000 to $87,000 to signal the bearish phase is likely over. He noted that such a move would invalidate many bearish retest scenarios and create a new higher high on the chart. However, he emphasized that follow-through is necessary after the breakout. In his most bullish path, Bitcoin could target $100K. On the support side, analyst Ali Charts said Bitcoin is consolidating within a rising channel on the 4-hour chart. The price was rejected near the upper boundary and then returned to test lower support around $77,000. Ali Charts called $77,000 the primary structural barrier for the short-term trend. A hold above $77,000 could enable a rebound, with potential targets near $81,500 (mid-channel) and $84,500 (near the channel top). A clear close below $77,000 would break the short-term structure. Overall, this Bitcoin breakout setup is being compared with past cycle behavior, where markets often reached new highs within about 12 months after sharp declines, while acknowledging exceptions like the late-2022 FTX shock. For now, $77K support and the $84K–$87K resistance zone remain the main decision points.