BTC Eyes $83K as Market Remains Bullish

Bitcoin's price is currently hovering around $79.8K, with a volume of $36.37 billion.

The market remains bullish despite sellers taking temporary control.

According to technical analysis, Bitcoin's chart setup draws uncomfortable comparisons to 2022.

The asset broke its downtrend in 2023, tested the previous August high, and pulled back towards $20,000 before launching into a new bull run. A similar structure appears to be forming now.

If Bitcoin reaches the May 2026 high near $83,000, a rejection at this level would not break the bullish case but set up the next major buying opportunity.