Bitcoin Recovery May Be Underway as Chart Signals Echo Previous Bottoms
After a steep 30% decline from its all-time high of $109,000 in January, Bitcoin may finally be finding solid ground. The leading cryptocurrency hit a local low just above $76,000 on March 10 and has since been carving out a pattern that closely resembles previous recovery setups.
This latest price action has analysts drawing comparisons to earlier market cycles. “We’ve seen this story before,” said Omkar Godbole, managing editor at CoinDesk Markets. “Bitcoin pulls back sharply, forms a base with higher lows, and then regains momentum.”
Supporting this idea is the formation of a triangular bottom—similar to those seen during the yen carry trade unwind in August 2024 and the post-ETF approval pullback in January. In both instances, BTC found a bottom and began trending upward after creating a structure of consecutive higher lows.
In this case, bitcoin touched $78,000 in late February, $76,000 in early March, and rebounded to over $81,000 by month-end—each time avoiding new lows. Technical analysts view this as a potential signal that selling pressure has run its course.
Of course, macroeconomic uncertainty—particularly surrounding U.S. tariff policy under the Trump administration—continues to loom over markets. Still, if history is any guide, Bitcoin may be positioning for a renewed push higher as confidence rebuilds.
“Momentum could return quickly once the market senses clarity,” Godbole noted. “We’re not out of the woods, but the signs are promising.”
