Cryptocurrency analyst Brett said Bitcoin must break above a resistance level of $82,580 to officially end the current bear market [2].
This price point represents the 200-day exponential moving average (EMA), a technical indicator that often determines whether the market enters a bullish or bearish phase. Breaking this threshold would signal a fundamental shift in investor sentiment and potentially stop further declines.
Historical data suggests that the 200-day EMA is a significant barrier. According to analysis from CoinTelegraph, previous rejections at this level mirrored sell-offs of 25% and 36%, which fueled fears of a drop toward $60,000 [1].
"Breaking above $82,580 could end the bear market," Brett said [2].
The market is currently attempting to recover from a volatile period. Bitcoin reached an all-time high of $126,000 in October 2025 [3]. However, the asset experienced a 52% decline to $60,000 by early February 2026 [3].
Recent momentum shows signs of recovery. Bitcoin has climbed roughly 40% from its February lows [4] and has risen 19% over the last 30 days [3]. Despite these gains, analysts remain divided on whether the bear market has concluded.
Some reports from Yahoo Finance suggest the bear market may be over, while other analysts on the same platform maintain that the downtrend is still active [5]. The 200-day EMA remains the primary metric for those seeking a definitive technical confirmation of a trend reversal.
“"Breaking above $82,580 could end the bear market."”
The focus on the $82,580 level highlights the reliance of crypto traders on technical analysis to predict market pivots. Because the 200-day EMA has historically preceded steep sell-offs, a successful breach of this level would likely trigger a wave of institutional buying and a shift from risk-aversion to growth-seeking behavior across the broader digital asset market.
