Summary
- Bitcoin (BTC) has been trending higher recently, but an analysis said reclaiming $75,000 is the key inflection point for a full-fledged trend reversal.
- The recent rebound began in oversold territory, and the relative strength index (RSI) rising to around 60 is a positive sign, but it has not yet moved into overheated territory, it said.
- It cited the 50-day moving average (50-DMA) as the key variable for assessing the short-term trend, noting that in past cases, failure to hold it was followed by as much as an additional 39% correction.
Forecast Trend Report by Period
Bitcoin (BTC) has extended its recent upswing, but an analysis suggests that reclaiming $75,000 is crucial for a full-fledged trend reversal.
According to CNBC on the 18th (local time), Bitcoin has recently been forming a cup-and-handle technical pattern, resembling the setup seen from November 2025 to mid-January 2026.
However, in that instance, the breakout attempt failed in about two days and the market then shifted into a three-week decline, prompting caution that the current rise also needs to be monitored for durability.
The outlet said the latest rebound began from oversold territory and viewed the relative strength index (RSI) at one point rising to around 60 as a positive signal, adding that it has not yet entered overheated territory.
It also pointed to the 50-day moving average (50-DMA) as a key variable for gauging the short-term trend, saying it is important whether prices can hold that level.
Historically, after reclaiming the 50-day line in April 2025, Bitcoin climbed from below about $75,000 to $126,000. By contrast, if it fails to hold the same indicator, additional downside of as much as 39% has appeared in past cases, it said, urging caution over the path ahead.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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