Bitcoin is showing a very notable structure since the sharp decline in early February: each successive bottom is consistently higher than the previous one. This is a signal indicating that buying pressure is gradually gaining dominance and the market is in a state of active accumulation.



The continuous formation of "higher lows" typically reflects the confidence of money flows — each time price pulls back, early bottom-fishing demand appears sooner, preventing price from falling as deeply as before. This opens up strong potential for the next rally.

However, it's also important to note that these progressively higher bottoms are simultaneously accumulating liquidity. If the market unexpectedly retraces back to those levels, the possibility of sharp volatility is entirely conceivable.

Overall, the current trend is still leaning positive. As long as Bitcoin maintains key support levels, the scenario targeting the 77,000 – 80,000 USD zone remains entirely feasible.
BTC-1.79%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin