NewsNovo

Bitcoin nears 8-month high as analysts debate if winter is over

9/23/2026

Bitcoin opened at $86,195.28 on Wednesday, September 23, 2026, holding near its 8-month high despite a slight pullback to $85,600.03 by mid-morning.

The case for a sustained rally is strong, with Fundstrat head of digital assets Sean Farrell declaring the crypto winter over, yet the complication is whether this momentum can survive without linear gains.

Evidence of Momentum The recent price action provides concrete support for the bull thesis. Bitcoin jumped more than 5% on Friday and another 6% on Monday, pushing the asset above the $86,000 mark.

Compass Point analyst Ed Engel noted on Tuesday that the sector is in the early innings of a new bull market with few signs of overheating.