"Bitcoin trading above the Bull Market Support Band historically indicates a bullish phase, while trading below signifies bearish conditions. The band currently hovers around $79,000."
"After reclaiming the band at $5,000 in early April 2019, Bitcoin climbed to around $13,880 by late June, marking a 175% increase from the reclaim point."
"In January 2023, Bitcoin reclaimed the band at $20,000, moving to roughly $30,000 within 90 days, reflecting a 50% gain from the reclaim point."
"The 2025 reclaim occurred after a mid-cycle correction, with Bitcoin pushing above the band around $93,000 and setting new highs thereafter."
Bitcoin fell below the Bull Market Support Band in November 2025 after reaching $126,000. For six months, it struggled around $79,000. Recently, Bitcoin reclaimed the band, trading above $80,000. Historically, reclaiming this band signals bullish trends. In 2019, after reclaiming the band at $5,000, Bitcoin surged to $13,880. Similarly, after reclaiming at $20,000 in January 2023, it rose to over $30,000. The 2025 reclaim followed a mid-cycle correction, leading to new highs after surpassing $93,000.
Read at 24/7 Wall St.
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