The cryptocurrency markets have the tendency to change the overall sentiment and narrative in very short periods of time. Although some might have forgotten about this quality due to the prolonged sluggishness over the past several months, what transpired in just 48-72 hours reminded us of the market’s real nature.

Bitcoin’s price stood still below $65,000 for weeks before it initiated its most impressive rally of the year, surging by 25% in days to almost $80,000 on Friday. This became its highest price tag since the May run. The question now is whether this marks the end of the bear market and the commencement of the bull phase, or whether there will be another rejection.

Yes, But With a Catch

To gain further perspective on the matter, we touched upon three of the most popular AI chatbots – ChatGPT, Gemini, and Grok. OpenAI’s platform began on a high note, indicating that the bear market “probably ended at the July low” when the cryptocurrency dipped below $58,000 for the first time since late 2024.

However, the AI said there’s no official confirmation yet and added that it would put a 70% probability that $57,800 was the cycle bottom and a 30% chance that BTC’s surge to $80,000 was an “exceptionally violent bear-market rally.”

Interestingly, Gemini and Grok agreed to a large extent. The former said, “Declaring the absolute end of a bear market requires macroeconomic confirmation, but the structural data from late 2026 strongly suggests we are at a major pivot point.” Grok was cautiously bullish as well, noting that BTC appears to be out of the woods unless another major bearish catalyst emerges, such as war escalation in the Middle East, rising interest rates in the US, or something entirely unexpected.

No Victory Yet

It’s worth noting that all three AIs brought the mid-May rally that drove BTC to $83,000. And all three warned that there are no guarantees that bitcoin won’t follow the same fate and slump again. As such, ChatGPT noted that the real test for the cryptocurrency is not here yet.

While some analysts, such as Ali Martinez, believe the next major resistance lies at $83,000, OpenAI’s platform noted that BTC has to surge past the $85,000-$90,000 cluster so that the bulls can declare victory. Meanwhile, Grok added:

“BTC began 2026 around $88,500 and surged above $97,000 in January. Even at $80,000, it’s still approximately 37% below the $126,000 ATH. In other words, bitcoin has produced a spectacular rebound but has not yet repaired the entire bearish market structure.”

Gemini also warned that one aggressive move doesn’t erase a multi-month downtrend. To do so, BTC would have to retain its recent gains and establish the upper $70,000 range as new support over the next month. If it does, then the “bear cycle can confidently be called over.”

Source: CryptoPotato