BIT analysts are becoming increasingly optimistic about BTC after nearly a year of a bearish view of the market.

In their 200th issue of Analytics, they remind that since October 2025 they had mainly adhered to a negative scenario, BUT in recent weeks their stance has become significantly more constructive.

Back on July 17, BIT wrote that #BTC is very close to the bear market bottom and is waiting for final confirmation from technical and cyclical indicators.

Now a strong macroeconomic factor has been added to this. According to BIT, the current rise in #BTC and gold is related to two events:

- US public debt has exceeded $40 trillion;

- The yield on 10-year Treasuries has again approached the critical level of 4.7%.

High yields and an enormous debt increase pressure on the traditional financial system and support the idea of a transfer of some capital into gold (which doesn’t sound very good for our short, but more on that later) and BTC.

On the BIT chart, BTC also shows its own cyclical indicator. Now it is again in the range of values that historically corresponded to the late stages of the bear market and the formation of a cyclical bottom.

Meanwhile, the headline of the chart itself has so far been framed as a question: "Has the bear market bottom been confirmed?" Given what kind of market we’re dealing with—it’s not for nothing.

For further growth of Bitcoin and the overall market, it is now important to hold #BTC after the breakout into the $70,000 area (for now, you cannot absorb the entire pump) and further declining yields on US government bonds.