Signs Suggest Bitcoin Has Found a Floor Following 30% Correction

Bitcoin’s Recent Price Behavior Hints at Market Bottom, Analysts Suggest

Bitcoin could be on the verge of a trend reversal after shedding 30% from its record high earlier this year, with technical indicators pointing toward a potential bottom formation.

The flagship cryptocurrency dropped from its January 20 all-time high of $109,000 to a local low of just over $76,000 on March 10. But since then, BTC has posted a series of higher lows—near $78,000 on February 28 and $81,000 on March 31—suggesting that bearish momentum is waning.

This “triangular bottom” formation bears resemblance to previous recovery phases, including the August 2024 yen carry trade unwind and the January 2024 U.S. spot bitcoin ETF launch. In both cases, bitcoin experienced sharp corrections followed by stabilizing price action marked by higher lows.

“Bitcoin seems to be showing signs of seller fatigue, forming a bullish structure similar to what we’ve seen during key turning points,” said Omkar Godbole, CoinDesk’s managing editor for markets. “It’s an encouraging pattern that may point to a shift in market sentiment.”

Still, Godbole warned that external shocks—such as the anticipated rollout of reciprocal U.S. tariffs—could derail the trend.

Nonetheless, if past is prologue, bitcoin’s current price pattern could mark the start of another leg up. The market now waits to see whether the technical setup will play out as it has before.