It's too early to declare the Bitcoin bear market bottom, but $83,000 could confirm a trend change, one analyst says.

BTC has rebounded 15% from the July lows, but some analysts cautioned that the next move hinges on clearing a level where many recent buyers may look to sell.

It's too early to declare the Bitcoin bear market bottom, but $83,000 could confirm a trend change, one analyst says.

The good news: Bitcoin is holding to support. The bad news: a death cross is still active, and prediction markets are overwhelmingly bearish.