Bitcoin reaches $82,500: Has the bull market started?

The bears tell us that Bitcoin will return towards $60,000. On the other hand, some bulls are already talking about completely disproportionate prices. As always, the reality probably lies somewhere in between. As a trader and double winner of global crypto trading competitions in 2024 and 2025, I will simply explain to you what I see in the market today, without euphoria and without trying to announce unrealistic goals.

As I explained in my previous analysis, I expected a relatively boring few weeks on Bitcoin, with a more sideways market. This is exactly what we observed, with a major resistance zone around $82,000 and a significant support zone around $76,000.

Today, Bitcoin hit around $82,500, which puts the market at a particularly interesting level.

$82,000 remains the level to break

In my opinion, Bitcoin will eventually break this $82,000 zone. If this happens, the next level I will watch will be around $88,000.

But be careful: for me, touching $82,000 or making a simple spike above this zone absolutely does not mean that the resistance is broken.

A spike is not a breakout.

I want to see a real close above this area, with a solid candle and especially volume. Only then will I start considering $88,000 as the next really likely target.

For now, on a macro reading, the structure still remains bearish. However, there is something important to consider: the market is showing strength.

Flows to Bitcoin ETFs remain present and this gives a little more control to buyers today. The bulls have therefore clearly regained part of the advantage, even if I do not yet consider that the bull market is definitively confirmed.

What if Bitcoin corrects again?

We must also look at the opposite scenario.

The first area I am watching is around $78,500. This is an old resistance that the market must now succeed in transforming into support.

Below, we find the $76,000 area, which for me remains the main support of this current structure.

If Bitcoin loses the $78,500 and then also breaks $76,000, then the scenario could quickly change and we could see the price move back towards $71,000.

Can Bitcoin Still Go to $71,000?

Yes.

But before that, the market must first break the $76,000 support. As long as this zone holds, directly announcing a return to $60,000 seems premature to me.

And if Bitcoin were to ultimately move back towards $71,000, I would personally view this area as a great opportunity for those who missed the buys lower and didn’t take advantage of the move from $60,000.

What I expect for Bitcoin in September

For September, my scenario remains generally positive.

I don’t expect interest rates to rise, I think the market can continue to show strength and I also expect positive developments around the CLARITY Act, which could continue to support sentiment around the crypto sector.

This does not mean that Bitcoin will go up in a straight line.

The levels remain simple:

• $82,000 broken with volume → $88,000 becomes my next goal.
• $78,500 then $76,000 lost → $71,000 becomes possible again.

For now, the bulls have regained some control, but to really talk about the start of a new bull market, I want to see Bitcoin confirm this strength above $82,000.