BTC must top $82K to end bear market, says analyst

Bitcoin must break above $82,000 to end its current bear market, according to cryptocurrency analyst Merlijn The Trader. On X, he explained that since October of last year, Bitcoin has repeatedly faced resistance from the same downward trendline. He noted that after a rejection at $94,000, the price plunged to $60,000, and a similar pattern recently emerged around the $79,000 level. The analyst added that while a break above $82,000 could signal the end of the bear market, a drop to $75,000 could lead to further declines. He concluded that the bearish trend remains dominant until the trendline is broken.