#Bitcoin❗ Attention folks
#break above $70K and the move into the $72K–$82K range is encouraging, but a single price spike isn't enough to confirm a decisive structural shift.
Historically, recoveries from deep bear markets have been validated by the Profit Percentage rising from below the -1 standard deviation limit near 60% towards its long-term average of ~75%. The recent action has pushed this metric to around 60% — consistent with the early bounces seen in previous cycle bottoms, where exhaustion in the initial recovery attempts was common.
A sustained push above 75% would carry significantly more weight as confirmation of a bull market, while ongoing rejection near current levels reinforces the narrative of a bear market recovery.
#break above $70K and the move into the $72K–$82K range is encouraging, but a single price spike isn't enough to confirm a decisive structural shift.
Historically, recoveries from deep bear markets have been validated by the Profit Percentage rising from below the -1 standard deviation limit near 60% towards its long-term average of ~75%. The recent action has pushed this metric to around 60% — consistent with the early bounces seen in previous cycle bottoms, where exhaustion in the initial recovery attempts was common.
A sustained push above 75% would carry significantly more weight as confirmation of a bull market, while ongoing rejection near current levels reinforces the narrative of a bear market recovery.
