Bitcoin Data Calls $80k The Bottom, Analysts Say BTC Bulls Are Back

One analyst said that Bitcoin’s dip to $80,000 marked the bottom and that there is a 91% chance that the current trend reversal will send BTC price back to $118,000.

Bitcoin (BTC) traders are navigating through one of the fastest capitulation events since late 2022, but one market analyst argued that historical data confirms that $80,000 was the bottom.

A Bitcoin analyst assigned a 91% probability that BTC will not see a weekly close below the current lows.

NVT Golden Cross showed Bitcoin’s market cap may be undervalued, signaling short-term long position opportunities.

Macroeconomic liquidity signals from Arthur Hayes and rapid onchain recovery supported the $80,000–$85,000 floor.

Bitcoin analyst Astronomer said that the ongoing bearish sentiment conveyed to “wait for the trend,” or the claim of a concluding bull cycle, is arising precisely at the wrong time.

According to a capitulation-volume model, based on a layered rule-of-three for weekly candles, it identified prior cycle bottoms when three consecutive high-volume red candles printed before major reversals.

Across 11 historical instances, this same capitulation pattern has produced consistent outcomes. In two out of 11 cases, Bitcoin rallied roughly 35% before any continuation of a broader downtrend.

In eight out of 11 instances, the pattern marked the beginning of a new leg higher, ultimately leading to fresh all-time highs. Only one occurrence resulted in sustained downside, making it the clear statistical outlier.

This forecasts a 91% chance of hitting $118,000 from current prices, a 99% chance of reaching $112,000, and a 75% probability that the broader bull market continues.

Source: CoinTelegraph