BIT: $73,000 is a key watershed for BTC and a crucial threshold for confirming a trend reversal in this cycle.

Odaily reported that BIT stated in its weekly report that in the past two issues of the "Biton Target" report, we had suggested that the bear market phase of Bitcoin might be nearing its end. Signals across multiple timeframes are gradually forming a resonance, supporting this assessment.

When the previous assessment was formed, Bitcoin was approaching the downward trendline established since the start of the bear market in October 2025, just one step away from a breakout to the upside. At the same time, 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. Based on historical experience, this indicator reading often corresponds to a market bottoming zone.

Our Bitcoin trend model has turned bullish. Trend signals don't always materialize, but given Bitcoin's inherent characteristics of strong trends and high volatility, the current move has more favorable conditions for continuation following the rapid reversal of the previous two signals. Additionally, the Bitcoin price is gradually approaching the 21-week moving average, which serves as a key boundary in our framework for identifying bull and bear markets.

The $73,000 level has been a significant watershed since March 2024 and is a crucial threshold for confirming whether this cycle's trend has reversed. Recently, Bitcoin has been consolidating around the $70,000 level. If it can effectively break through and hold above $73,000, the reversal signal will be further confirmed. While various indicators are currently skewed positively, the pace of the uptrend may still be disrupted by periodic risk factors before the price enters the target range for this cycle, requiring continued attention.