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BIT: Overall indicators for Bitcoin are currently positive, but the upward momentum may still be disrupted by periodic risk factors before entering the target range.

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ME News, April 24 (UTC+8), BIT tweeted, "In the past two issues of the 'Biton Target' report, we indicated that the bear market phase of Bitcoin may be nearing its end. Signals across multiple time dimensions are gradually forming a resonance, supporting this judgment. At the time this judgment was made, Bitcoin was approaching the descending trendline formed since the start of the bear market in October 2025, just one step away from a breakout to the upside. Meanwhile, the weekly stochastic oscillator has dropped to its lowest level since January 2023, which was near the cyclical bottom after the 2021/2022 bear market ended. Historically, this indicator reading often corresponds to a market bottom zone. Our Bitcoin trend model has turned bullish. Trend signals do not always play out, but given Bitcoin's strong trend and high volatility characteristics, the current move has more conditions for continuation after the two previous rapid signal reversals. Additionally, Bitcoin's price is gradually approaching the 21-week moving average, which serves as a key demarcation line in our bull-bear judgment framework. The $73,000 level has been a crucial divide since March 2024 and is a key threshold for confirming the reversal of this trend. Recently, Bitcoin has been consolidating around $70,000. If it can effectively break through and hold above $73,000, the reversal signal will be further confirmed. Currently, various indicators are generally positive, but before the price enters this round's target range, the upward pace may still be disrupted by periodic risk factors, which need to be monitored." (Source: Foresight News)
BTC0.64%
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