The first question about the minds of investors is whether the original has reached a hall after it was in the direction of a continuous decline for a long period of time.
Modern procedures indicate that Bitcoin (BTC) may have found a little higher than $ 76,000 on March 10. This step formed a pattern that reminds us of the previous bottom events in modern history.
In this current correction, Bitcoin decreased by 30 % of its highest level ever at $ 109,000 reached on January 20. After reaching its lowest level on March 10, I recorded the lowest levels on both sides of that date-after $ 78,000 on February 28 and above 81,000 dollars on March 31-put a triple bottom.
A similar pattern was operated during the yen carrying trade in August 2024, when Bitcoin is located near $ 49,000 on August 5. Once again, its lowest levels were seen on both sides: on July 7 and September 7.
Another example occurred during the launch of the investment funds circulating in the United States in January 2024. Bitcoin witnessed a 20 % correction, reaching less than $ 40,000 on January 23, with a higher drop on both sides of that date as well.
Omkar Godbel, the editor of Coindesk Markets, also notes signs that Bitcoin can be a bottom, with a sign of an upper bullish structure. “The last style, which indicates a shift from low levels to its lowest levels and indicative of the seller’s exhaust, is similar to the bottom patterns that were seen in August and early 2024.”
“There is a reason to consider the possibility of regeneration of bullish momentum – although, as always, external risks such as Trump’s tariff can disrupt this trend.”
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