Bitcoin (BTC) price has reached a nine-month high of $83,000. The gain comes as the head of research at Galaxy Digital, Alex Thorn, opines that BTC may have hit a bear market bottom. Bitcoin price is up by 4.39% today, September 21, to trade at $83,767 at the time of writing. In an X post, Thorn noted that Bitcoin price has closed above the 50-week MA of $78,786. He notes that it is the first time that BTC has closed above this MA since November 2025,