A strong rebound above $50,000–$60,000 and then the formation of a rounding bottom is a bullish signal. This bullish signal indicates that the price will likely recover above $75,000 and move towards $95,000.
The immediate resistance after breaking $75,000 is $80,000–$85,000. A break above $85,000 will move Bitcoin to $95,000. The recovery from this support indicates that Bitcoin is forming a base and preparing for a strong move in Q3 and Q4 2026.
Bitcoin to Gold Ratio Analysis: Is Bitcoin Forming a Long-Term Bottom?
Ratio Support Signals Bottom Formation in Bitcoin
The strength in the Bitcoin market at the $50,000 to $60,000 support zone is also observed using the Bitcoin-to-gold ratio. This ratio shows that when it reached 12 in March 2026, the gold price hit $4,100 and Bitcoin hit $60,000. This situation indicates that both assets have hit the long-term support zones when the ratio hit major support.