Bitcoin Price Surges 24% in Seven Days: Can $83K Break End Bear Trend?

The Bitcoin price has surged by 24% in just seven days, breaking above $81,000 on Tuesday before retreating below $80,000 during intraday trading. The market is now focused on whether buyers can reclaim $83,000 and end the bear trend.

CoinGecko data showed that BTC near $79,900 later in the session, while futures positioning remained elevated with liquidations hitting leveraged traders. ETF inflows and rising sentiment supported the latest BTC price recovery.

The rally was significant because leverage and sentiment rose alongside spot demand, increasing upside potential but also raising liquidation risk during short pullbacks. A clean break above $83,000 could weaken the prevailing bearish structure, according to Ted Pillows on X, who argued that a higher-high test would strengthen the short-term structure.

However, failing to hold $80,000 would shift attention back toward $79,500, which Ella identified as the lower boundary of the recent decision zone. The immediate setup remains binary for traders, with buyers controlling momentum while price holds above reclaimed resistance, but leverage leaving the market exposed to fast reversals.