The Bear Market Is Over

In this episode, Nik covers bitcoin's move to $87,000 and why breaking $82,700, the post-bear-market high from May, means the bear market that defined 2026 is over. He zooms all the way into one-minute candles to show the short squeeze that took price up more than $1,500 in about 100 seconds, and explains why that resistance level should now act as support. Nik also covers why the four-year cycle theory keeps getting buried, how financialization has compressed bitcoin's volatility, and the breakout on the bitcoin versus gold ratio. He closes on Johan Bergman's state grid, where trend is turning up while valuation is still cheap. The Bitcoin Layer and its guests do not provide investment advice.