Bitcoin Reaches $82500: Has The Bull Market Started?

The bears tell us that Bitcoin will return to 60,000 dollars. On the other side, some bulls are already talking about completely outrageous prices. As always, reality is probably somewhere in between. As a trader and two-time winner of global crypto trading competitions in 2024 and 2025, I will simply explain to you what I see today in the market, without euphoria and without trying to announce unrealistic targets.

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

Today, Bitcoin touched about 82,500 dollars, which places the market at a particularly interesting level.

The $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 beware: to 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 zone, with a solid candle and especially volume. Only from there will I start considering $88,000 as the next truly probable target.

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

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

What if Bitcoin corrects again?

We must also consider the opposite scenario.

The first zone I watch is around $78,500. It is a former resistance that the market must now successfully turn into support.

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

If Bitcoin loses $78,500, then also breaks $76,000, then the scenario could quickly change and we might see the price return to $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, announcing a direct return to $60,000 seems premature to me.

And if Bitcoin eventually returns to $71,000, I would personally consider this zone an excellent opportunity for those who missed the lower buys and who did not take advantage of the move from $60,000.

What I expect for Bitcoin in September

For September, my scenario remains overall positive.

I do not expect an interest rate hike, 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 straight up.

The levels remain simple:

• $82,000 broken with volume → $88,000 becomes my next target.
• $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.