BIT: $73,000 is a key dividing line for BTC and the critical threshold for confirming a reversal in the current trend

Odaily reports that BIT stated in its weekly report, "In the past two editions of the 'Biton Target' report, we suggested that Bitcoin's bear market phase may be nearing its end. Signals across multiple timeframes are gradually forming a resonance, supporting this assessment."

When this judgment was formed, Bitcoin was approaching the descending trendline established since the start of the bear market in October 2025, just one step away from an upward breakout. Concurrently, the weekly stochastic oscillator had fallen to its lowest level since January 2023, which was near the cyclical bottom following the end of the 2021/2022 bear market. Historically, this indicator reading often corresponds to market bottoming zones.

Our Bitcoin trend model has turned bullish. Trend signals don't always materialize, but considering Bitcoin's inherent strong trend and high volatility characteristics, the current move has better conditions for continuation after the rapid reversals of the previous two signals. Additionally, Bitcoin's price is gradually approaching the 21-week moving average, a key demarcation line in our bull/bear judgment framework.

The $73,000 level has been a significant dividing line since March 2024, and is the critical threshold for confirming a reversal in the current trend. Bitcoin has recently been consolidating around $70,000. If it can effectively break through and hold above $73,000, the reversal signal will be further confirmed. While current indicators are generally positive, the upward pace may still be disrupted by periodic risk factors before the price enters this target range, requiring continued attention.