IS THE BTC BEARMARKET OVER?Bitcoin / U.S. dollarBITSTAMP:BTCUSDGabriel_ArgilesBitcoin is currently in an uptrend on the daily chart. This bullish structure was established after the breakout around the $65,000–$65,500 region. Since then, price has moved higher and is now approaching an important Fibonacci target area, where a 61.8% retracement level aligns with a previous relevant swing high. So far, this confluence region has been holding the price. However, when it comes to making decisions on Bitcoin, I prefer to use the weekly chart as my primary structural timeframe. And on the weekly chart, Bitcoin is still technically in a downtrend. For me, the weekly trend only begins to reverse back to bullish territory once Bitcoin breaks above the major resistance area around $82,500. I still do not believe the bear market is necessarily over, but if it is, the market should make that clear over the next few weeks. More specifically, I would want to see a breakout above the $85,200 region, followed by a successful retest of that area, and then another breakout above approximately $86,500. A confirmed weekly close above that structure would be enough, within my discretionary framework, to classify the weekly trend as bullish again. At this point, however, I do not believe the current bullish movement represents a sustainable long-term uptrend. The main reason is that the triggers responsible for creating this move were not primarily structural. A significant portion of the acceleration appears to have been driven by a short squeeze rather than by a clean structural reversal. Therefore, my base case remains that Bitcoin is still operating within a broader bearish structure. That said, the market does not need to validate my expectations. The system is designed to react to price action, so regardless of my current bias, our positioning will change if the market confirms a different structure. Bitcoin is now trading in an important decision area. If the broader downtrend resumes, the next major support or reaction zone should be around $67,500. If that level fails to sustain the market, I believe Bitcoin could then move toward approximately $58,000. From there, another bearish leg could develop. In a more aggressive downside scenario, Bitcoin could eventually break below that region and trade toward approximately $35,000. A move of that magnitude could represent the final phase of the broader bear market and potentially create the conditions for the beginning of a new, structurally healthier bull market.