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Bitcoin surges 25%, nears $80K, signaling possible end to bear market if $82K is reclaimed

Technical Signals
22 Aug 2026
AMBCrypto
View Source
Bullish
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Bitcoin rose 25% this week, nearly reaching $80,000 after significant short liquidations and reclaiming key technical levels like the 200-day Moving Average and short-term holder cost basis. While this shift suggests a bullish trend, experts caution that full institutional participation is lacking, and some view the rally as a potential dead-cat bounce. Confirmation of the bear market's end hinges on Bitcoin reclaiming $82,000, aligning with historical patterns tied to the 50-week Moving Average. Upcoming events like the Jackson Hole meeting could influence whether this positive momentum continues.

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