BIT: $73,000 is a significant watershed for BTC and a key threshold for confirming a reversal of this trend.

BIT released its weekly report, stating that in the previous two Biton Target reports, we indicated that the Bitcoin bear market might be nearing its end. Signals across multiple timeframes are gradually converging, supporting this assessment. When this assessment was made, Bitcoin was approaching the downtrend line formed since the start of the bear market in October 2025, just one step away from an upward breakout. Simultaneously, the weekly stochastic oscillator fell to its lowest level since January 2023, near the cyclical bottom following the end of the 2021/2022 bear market. Historically, this indicator reading often corresponds to market bottoms. Our Bitcoin trend model has turned bullish. Trend signals don't always materialize, but given Bitcoin's strong trend and high volatility, and after the two previous rapid reversals, the current upward movement has more potential for continuation. Furthermore, the Bitcoin price is gradually approaching the 21-week moving average, a key dividing line in our bull/bear market analysis framework. The $73,000 level has been a significant watershed since March 2024 and a key threshold for confirming a reversal in this trend. Bitcoin has recently been consolidating around $70,000. A sustained break and hold above $73,000 would further confirm the reversal signal. While current indicators are generally positive, the upward momentum may still be affected by short-term risk factors before the price reaches the target range, requiring close monitoring.