Bitcoin Back Above $80,000: What Does Technical Analysis Say?

Prominent technical analyst Kevin suggests the recent market turbulence is following a predictable pattern that could signal an imminent reversal, as tariff fears subside and technical indicators align with historical precedents.

What Happened: In his podcast published on Thursday, Kevin noted that every single prediction of his is playing out.

He pointed out that his three-month-old forecast had called for a correction lasting between 114 and 174 days with the market now entering the critical "reversal zone."

Kevin downplayed the panic triggered by Trump's tariff announcements, calling them a media-driven emotional overreaction. With the news that tariffs are paused for 90 days, he says it confirms his view: "This was just a negotiation tactic, not a real threat to markets."

Bullish Signals Are Stacking Up:

Kevin cites multiple indicators supporting a bullish breakout:

• USDT Dominance: He refers to this chart as the "perfect inverse of Bitcoin," and says a 3-day bearish divergence is now showing — historically a bullish signal for BTC.
• Hash Ribbons Buy Signal: Flashed two weeks ago, and according to Kevin, "It has never failed to deliver at least a 40% move to the upside."
• Support Levels Holding: As long as Bitcoin BTC/USD holds the $70,000–$75,000 range, the setup remains intact. "Stay calm, stay cool, stay measured," he advises.

Also Read: Why The Bitcoin Bull Market Is Back On At $93,000: Glassnode

What's Next: Kevin says the market is at a technical tipping point. A break above $88,700 would invalidate the lower high structure, confirming a sustained bullish trend. Until then, the move remains unconfirmed.

He's also watching inflation data, which could boost expectations for rate cuts, with three to four already priced in, and quantitative tightening likely ending within three months.

Kevin quoted, “If the macro front continues to improve, I think we’re going to find a low here and we’re just going to start heading higher.”

Read Next:  

• Bitcoin’s Sell-Off During Tariff Trade War: Is It No Safe Haven After All?

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