Bitcoin’s V-Shaped Reversal Signals Bulls Are Back in Control

Technically, the price touched a key horizontal level — the high from early May — marked with a black line, now acting as a crucial support just below $100,000. This precise bounce reinforces the strength of that level.

What we’re witnessing now is a textbook V-shaped reversal, with price action reclaiming ground above two important technical supports: a red dynamic uptrend line and a blue horizontal support. The earlier drop below those levels now looks to have been a false breakout, marked in orange, which has only strengthened the case for a bullish rebound.

As long as Bitcoin remains above these three supports — the black, red, and blue lines — the sentiment stays positive, and the potential for further gains remains intact.