PANews|Apr 24, 2026 07:46
[Analysis: Bitcoin Trend Model Turns Bullish, $73,000 is the Key Threshold]
BIT published an analysis stating that in the past two editions of the 'Bit on Target' report, the institution had indicated that the bearish phase of Bitcoin might be nearing its end. Signals across multiple timeframes are gradually forming a resonance, supporting this judgment. Currently, its Bitcoin trend model has turned bullish. Trend signals do not always materialize, but considering Bitcoin's inherent characteristics of strong trends and high volatility, after two previous rapid signal reversals, the current movement has more conditions for continuation. Additionally, Bitcoin's price is gradually approaching the 21-week moving average, which holds critical significance in its bull-bear judgment framework. $73,000 has consistently been an important threshold since March 2024 and remains the key benchmark for confirming whether this trend reversal can be validated.
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