Bitcoin’s recent surge above $82,000 has sparked optimism for a potential bull run. While some analysts see this as a sign of early recovery, others highlight the possibility of a reversal based on historical patterns. Analysts note that Bitcoin’s bounce off its support above $82,000 suggests market strength, but they await confirmation with the potential break of its downward trendline to propel Bitcoin towards bullish conditions. Further analysis from Santiment suggests a ‘bullish bounce,’ while Glassnode data indicates critical positioning beneath realized prices for Bitcoin. The current rally, pushing the price to $87,725, signifies a 9% increase since its recent pullback, leaving traders looking forward to whether this upward trajectory will continue and ultimately break through resistance levels.