#BTC☀ #Bullish2025 #BinanceSquareFamily #BullishMay #btc70k
Introduction
After 190 days of downtrend following Bitcoin's all-time high of $73k in March 2024, BTC is now showing early signs of a potential bullish reversal. The key question is: are we about to witness a significant shift in momentum?
Current Analysis
Since topping out, Bitcoin has been trading in a lower-high, lower-low (LH-LL) pattern, signaling a persistent downtrend. However, recent technical indicators suggest that this may be changing. Bitcoin has formed its **first higher low (HL) in six months**, breaking the pattern of downward movement. Additionally, the **RSI indicator** is showing a **triple bottom formation**, a classic sign of strengthening market sentiment.
What’s Next ?
Based on this, it’s likely that BTC could soon produce a **higher high (HH)**. If this happens, it would confirm the beginning of a stronger bullish move, possibly leading to significant upward momentum. After this higher high, a small correction may occur before Bitcoin enters what traders are referring to as an "UP ONLY" phase.
Key Advice
Traders should monitor the current higher low carefully. If BTC holds above this level, it could be a solid entry point for a longer-term bullish position. However, if Bitcoin breaks below the HL, the downtrend may continue, reverting to the lower-high and lower-low pattern. This would be a sign to proceed with caution or possibly exit positions.
Conclusion
Bitcoin's trend appears to be shifting, with key bullish signals indicating a potential breakout. The formation of the first higher low in six months and the triple bottom in the RSI suggest that BTC may be gearing up for a significant move upward. However, traders should watch the HL closely, as losing this level would invalidate the bullish setup.
Final Thoughts
Stay alert for the higher high confirmation and be ready for a potential rally. Curious about your favorite altcoin’s performance? Drop the complete symbol (e.g., BTCUSDT) in the comments for a personalized analysis!
4 hours ago
Lets take a deep look on RSI :
Triple tops in march were enough to start the downtrend
Now, triple bottoms are enough for uptrend ?
