PANews April 24 news, BIT published an analysis stating that in the last two editions of the "Bit on Target" report, the agency suggested that the bear market phase of Bitcoin might be nearing its end. Signals from multiple time dimensions are gradually forming resonance to support this judgment. Currently, its Bitcoin trend model has turned bullish. Trend signals do not always materialize, but considering that Bitcoin itself has strong trends and high volatility characteristics, after the rapid reversals in the previous two signals, the current round of trend has more conditions for continuation. In addition, the Bitcoin price is gradually approaching the 21-week moving average, which has critical boundary significance in its bull-bear judgment framework.

$73,000 has always been an important watershed since March 2024, and it is a key threshold for confirming whether this round of trend can validate its reversal. Recently, Bitcoin has been oscillating around $70,000. If it can effectively break through and stabilize 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 disturbed by cyclical risk factors, requiring close attention.

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