Analysis: BTC must break $82K to confirm bull market

An analysis suggests that Bitcoin's ability to break through the $82,000 level is key to entering a full-fledged bull market. U.Today reported that this price point represents a historical area of concentrated selling pressure, where a former support level has turned into resistance and coincides with a long-term downtrend. The current lack of a significant increase in trading volume indicates that the market remains in the early stages of an uptrend. While momentum indicators like the Relative Strength Index (RSI) are rising, they have not yet reached overbought levels. In the short term, increased volatility is expected around the $80,000 mark, the analysis added.