It is impossible to predict the end of the bear phase with a singular rise in the price action. However, sustained price moves above the support zone at $21,000 does inspire confidence among the bulls as per Bitcoin price analysis. If the bulls are able to maintain momentum despite headwinds, there may be a move towards $25,000 in the short term.
The current confidence in the buyers needs a lot of confirmations before establishing itself. The descending triangle requires a decent breakout with large volumes for the buyers to pump in more money into the market. Only momentum can take the pair above $23,600 resistance zone. The hourly indicators show that overhead resistance zone is aggressively backing bears to establish another move lower.
The current move will likely create a base for the upcoming bullish moves. The directional setup will help the pair make higher lows on the charts which in turn will signal bullish bias. The price can target earlier swing highs on the rising price channel. A mix of resistance and support zone moves can place the pair firmly in the bullish zone.