During the last week, Bitcoin bulls have struggled to fight the continuous decline, and this led to a price of about $ 70,000. With this new recovery trend, it seems that things have taken a turn for the better as buyers are returning to the field. The result of this could be a clear upside target that could push the price back out of the 6 figures and thus restart the bull run.
3 green candles say Bitcoin bulls are in charge
Since the decline began in February, Bitcoin has been hard pressed to complete consecutive green days. In fact, since January 2026, the cryptocurrency has not been able to complete three full days in the green. This is so far, as the recent recovery trend shows, the delicious feeling has returned again.
Crypto analyst Master Ananda highlights this development to show that the bulls have now taken control of Bitcoin’s price. Three daily green candles, according to the analyst, confirm the beginning of a new rally.
Not only do three consecutive daily candles confirm another rally, but the crypto analyst also says that Bitcoin will set at a higher level this week, means that the local rise is fully confirmed. This suggests that the price will remain above $70,000 until the end of the week.
The recovery has now set the price of Bitcoin in a rising wave pattern. If this wave is confirmed, it means that months of rallies and sideways price movements are now over for Bitcoin. Not only that, but it sets the tone for a great recovery rally.
The first targets set for Bitcoin from here are at the $80,000 level. There is expected to be some resistance here, but it probably won’t stop the rally. Once this zone is covered, then Master Ananda expects the price of Bitcoin to rise until it stops around $100,000.
As for the rest of the market, they have so far followed Bitcoin’s lead, and it is likely that altcoins will continue to grow as BTC. The crypto analyst points to this and says that altcoins are already reacting positively and therefore, this is expected to continue.
Featured image from Dall.E, chart from TradingView.com
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