BIT: $73,000 is an important watershed for BTC and a key threshold for confirming the reversal of this trend.

Odaily Planet Daily reports that BIT released this week’s report stating that in the previous two issues of the “Biton Target” report, we indicated that Bitcoin’s bear market phase may be nearing its end. Multiple time-frame signals are gradually resonating, supporting this judgment.

At the time of this assessment, Bitcoin was approaching the downward trend line formed since the bear market began in October 2025, just one step away from an upward breakout. Meanwhile, the weekly stochastic oscillator has fallen to its lowest level since January 2023, a period that was near the cyclical bottom following the end of the 2021/2022 bear market. Historically, this indicator reading often corresponds to market bottom zones.

Our Bitcoin trend model has turned bullish. Trend signals do not always materialize, but considering Bitcoin’s inherent strong trend and high volatility characteristics, and after two rapid reversals of previous signals, this current wave has a higher likelihood of continuation. Additionally, Bitcoin’s price is gradually approaching the 21-week moving average, which plays a key dividing line in our bull-bear judgment framework.

$73,000 has always been an important threshold since March 2024 and is a critical level for confirming a trend reversal. Recently, Bitcoin has been consolidating around $70,000. If it can effectively break through and stabilize above $73,000, the reversal signal will be further confirmed. Overall, various indicators are currently positive, but before the price enters this target zone, the upward momentum may still be affected by temporary risk factors, which warrants close attention.