Bitcoin may be emerging from its prolonged bear market, with multiple technical and on-chain signals converging to suggest the worst is behind the market.
In its latest report, BiTofficial noted that Bitcoin was on the verge of breaking above a well-defined downtrend in place since October 2025. The weekly stochastics index had reached levels last seen in January 2023, immediately after the 2021/2022 bear market bottomed out, a reading that has historically marked cycle lows.
Bitcoin is pushing higher and testing the $73,000–$75,000 resistance zone. A clear breakout could send it toward $80,000–$87,000, supported by ETF inflows, strong volume, and improving macro conditions. However, failure to break this level may lead to a pullback, with analysts warning of ongoing volatility despite the bullish momentum.
📃#BITOnTarget Report – April 24, 2026 ⬇️
Bitcoin: The Signal, the Flows and What Comes Next?
#BIT #Bitcoin #BTC #CryptoResearch pic.twitter.com/0vc5ny2vSx
— BIT Official (@BITofficial_EN) April 24, 2026
The firm’s Bitcoin trend model has also flipped bullish, while the asset approaches its 21-week moving average, which BIT on Target uses as its primary bull-versus-bear dividing line.
$73,000 becomes the line in the sand
With Bitcoin consolidating near $68,000, analysts say a decisive close above $73,000 would confirm the trend reversal and open the door to the next leg higher.
On-chain inflow data adds weight to the case. Monthly inflows, which turned sharply negative through late 2025, hitting as low as -$25 billion, have stabilized, with the most recent reading coming in at just -$1 billion, suggesting selling pressure is exhausting itself.
Risks remain before target zone
Despite the constructive setup, BIT on Target cautioned that headwinds remain. Two previous trend signals reversed quickly before sustaining any meaningful move, and those risks could keep momentum capped until Bitcoin clears its target zone.
Still, the analyst firm noted Bitcoin’s history as a strong-trending, volatile asset, conditions that, when combined with oversold technicals and recovering inflows, have previously preceded significant rallies. Bitcoin appears to be carving out a new trading range as fresh sources of demand emerge and selling pressure eases.
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