Over the past week, Bitcoin bulls are fighting To combat the continued downtrend, the price reached a level around $70,000. With this new recovery trend, things appear to be getting better as buyers move back into the arena. This could result in a clear upside target that could push the price back to six figures and eventually restart the uptrend.
The three green candles say Bitcoin bulls are in charge.
Since the downtrend began last February, Bitcoin has struggled to complete consistent green days. In fact, since January 2026, the cryptocurrency has not remained green for three days. In other words, looking at the recent recovery so far, we can see that bullish sentiment has recovered again.
Crypto analyst Master Ananda highlights this development as significant as it shows that bulls are now in control of the Bitcoin price. The analyst believes that three green daily candles are confirmation that a new rally has arrived.
Not only did three consecutive daily candles confirm another uptrend, the cryptocurrency analyst said: Bitcoin Will Hit Higher Highs This means that the regional upward trend is confirmed overall this week. This means prices will remain above $70,000 until the end of the week.
The recovery has now set Bitcoin price in a bullish wave pattern. If confirmed, this wave would mean that Bitcoin’s months of accumulation and sideways price swings are now over. Moreover, this sets the tone for a massive recovery rally.
The first target set for Bitcoin here is the $80,000 level. I expect there to be some resistance here, but I don’t think this will stop the rally. Once this area is overcome, Master Ananda expects the Bitcoin price to rise until it stops at around $100,000.
The rest of the market has so far followed Bitcoin’s lead, and the most likely outcome is that altcoins will rise like BTC. Crypto analysts pointed this out and said that altcoins are already responding positively and this phenomenon is expected to continue.
Featured image by Dall.E, chart by TradingView.com
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