{"id":49273,"date":"2025-12-08T10:08:56","date_gmt":"2025-12-08T15:08:56","guid":{"rendered":"https:\/\/bitcoinmagazine.com\/?p=49273"},"modified":"2025-12-08T10:11:03","modified_gmt":"2025-12-08T15:11:03","slug":"bitcoin-price-surges-past-92000","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/bitcoin-price-surges-past-92000","title":{"rendered":"Bitcoin Price Briefly Surges Past $92,000 As \u2018Bitcoin Breaks 4-Year Cycle\u2019\u00a0\u00a0"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<p>The bitcoin <a href=\"https:\/\/bitcoinmagazine.com\/bitcoin-price\" data-type=\"link\" data-id=\"https:\/\/bitcoinmagazine.com\/bitcoin-price\">price<\/a> climbed above $92,000 over the weekend, off of lows near $88,000. The bitcoin price reached $92,203 at its seven-day high.<\/p>\n\n\n\n<p>Bernstein analysts argue that recent price movements signal a structural shift in Bitcoin\u2019s market cycle. In a <a href=\"https:\/\/x.com\/matthew_sigel\/status\/1998034157004288004\">note<\/a> to clients, the firm said the traditional four-year cycle\u2014historically peaking every four years\u2014has broken.&nbsp;<\/p>\n\n\n\n<p>Bernstein sees Bitcoin entering an elongated bull cycle, fueled by persistent institutional buying that offsets retail selling.<\/p>\n\n\n\n<p>Despite a roughly 30% correction, <a href=\"https:\/\/bitcoinmagazine.com\/news\/texas-buys-5m-of-spot-bitcoin-etf\">ETF<\/a> outflows have remained minimal, under 5%.<\/p>\n\n\n\n<p>The bank raised its 2026 price target to $150,000, projecting the cycle could peak in 2027 around $200,000. Bernstein maintains a long-term 2033 target of roughly $1 million per BTC.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">JUST IN: $779 billion Bernstein says, \u201c<a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Bitcoin<\/a> cycle has broken the 4-year pattern and is now in an elongated bull-cycle\u201d \ud83d\ude80 <a href=\"https:\/\/t.co\/PUHyyvTqnA\">pic.twitter.com\/PUHyyvTqnA<\/a><\/p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1998036427154854359?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">December 8, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Meanwhile, Wall Street bank JPMorgan <a href=\"https:\/\/bitcoinmagazine.com\/markets\/bitcoin-price-craters-to-88000\">remains bullish<\/a> over the next year. Its analysts maintain a gold-linked, volatility-adjusted BTC target of $170,000 over the next six to twelve months, factoring in price fluctuations and mining costs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Strategy and the Bitcoin price<\/h2>\n\n\n\n<p>Strategy (MSTR), the largest corporate Bitcoin holder, remains central to institutional market dynamics. The company owns roughly 660,624 BTC, with an enterprise-value-to-Bitcoin holdings ratio (mNAV) of 1.13.&nbsp;<\/p>\n\n\n\n<p>JPMorgan notes this ratio above 1.0 is \u201cencouraging,\u201d suggesting Strategy is unlikely to face forced sales of its holdings.<\/p>\n\n\n\n<p>Strategy <a href=\"https:\/\/bitcoinmagazine.com\/business\/strategy-mstr-creates-cash-reserve\">has also built<\/a> a $1.44 billion U.S. dollar reserve to cover dividend payments and interest obligations for at least 12 months, with plans to extend coverage to 24 months. Bernstein maintained its Outperform rating on MicroStrategy but lowered its price target from $600 to $450, reflecting the recent market correction.<\/p>\n\n\n\n<p>Just today, Strategy <a href=\"https:\/\/bitcoinmagazine.com\/markets\/strategy-mstr-buys-nearly-1-billion-btc\">said<\/a> they bought 10,624 BTC last week for about $963 million, paying an average of $90,615 per coin. This brings its total holdings to 660,624 BTC, acquired at an average cost of $74,696 per bitcoin, with a current market value near $60.5 billion and unrealized gains of roughly $11 billion.&nbsp;<\/p>\n\n\n\n<p>The purchase marks Strategy\u2019s largest recent buying spree as market volatility eased. Its shares rose about 3% in early trading Monday, rebounding from a Dec. 1 low near $155, though they remain over 50% below their six-month peak.<\/p>\n\n\n\n<p>As of right now, the bitcoin price trades at $90,886, up 3% in the past 24 hours, with a 24-hour trading volume of $46 billion. <\/p>\n\n\n\n<p>The cryptocurrency\u2019s market capitalization now stands at $1.82 trillion, with a circulating supply of 19.96 million BTC and a maximum supply capped at 21 million.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1008\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/12\/Bitcoin-Magazine-Pro-Screenshot-25-1024x1008.png\" alt=\"Bitcoin price\" class=\"wp-image-49275\" title=\"\" srcset=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/12\/Bitcoin-Magazine-Pro-Screenshot-25-1024x1008.png 1024w, https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/12\/Bitcoin-Magazine-Pro-Screenshot-25-300x295.png 300w, https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/12\/Bitcoin-Magazine-Pro-Screenshot-25-768x756.png 768w, https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/12\/Bitcoin-Magazine-Pro-Screenshot-25-427x420.png 427w, https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/12\/Bitcoin-Magazine-Pro-Screenshot-25-696x685.png 696w, https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/12\/Bitcoin-Magazine-Pro-Screenshot-25-1068x1051.png 1068w, https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/12\/Bitcoin-Magazine-Pro-Screenshot-25-70x70.png 70w, https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/12\/Bitcoin-Magazine-Pro-Screenshot-25.png 1372w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Bitcoin price jumped past $92,000 this morning as Bernstein and JPMorgan signal a longer-term bullish outlook<\/p>\n","protected":false},"author":3817,"featured_media":49276,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[76,4284,345,5440],"class_list":{"0":"post-49273","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-bitcoin","9":"tag-mstr","10":"tag-price","11":"tag-strategy"},"author_data":{"id":3817,"name":"Micah Zimmerman","nicename":"micahzimmerman","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/11\/Micah_Zimmerman_Author_Image.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/12\/Bitcoin-Price-Briefly-Surges-Past-92000-As-\u2018Bitcoin-Breaks-4-Year-Cycle-.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/49273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3817"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=49273"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/49273\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/49276"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=49273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=49273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=49273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}