BTC rebounded 13.25% from a local low below $60k. The catalyst was the preliminary ceasefire reached between the US and Iran, reigniting risk appetite in global markets.


This rally pushed BTC back to around $67k on June 15. Behind it was a general respite for risk assets—geopolitical tensions eased, lowering oil prices, and concerns about short-term inflation also subsided.
Now, on the three-day chart, Bitcoin is flashing a potential double bottom reversal near the $60k support zone.
This is the second time BTC has bounced from around $60k in 2026. The same demand zone has held during previous pullbacks, with buying support twice defending this level, making the double bottom logic more solid.
From a technical perspective, a rare bullish divergence has formed on the weekly chart, and historically, this has only happened three times, each time signaling a trend reversal. Could this be the start of a bull market?
Relying solely on technical analysis seems unconvincing, and the reality is that it can continue to develop, as the weekly bullish divergence can still form further. Simply put, if after some consolidation on the daily chart, the price makes a new low below 50, it would likely create a weekly bullish divergence similar to March’s pattern, so blindly chasing longs based on this alone is unwise.
But this undoubtedly signals that the market trend is gradually changing. The bottom is nearing formation, and a bull market may soon return…
$BTC #TradFiCFD黄金大师赛
BTC1.40%
View Original
post-image
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
  • Pinned