These four Bitcoin charts are showing that BTC price might be forming a bottom.

Bitcoin Flashes Multiple 'Bottom' Signals: Double Bottom, Gold Ratio, and a Decade-Old Trendline

Bitcoin's still licking its wounds—down over 42% from that $126,000 peak. But if you squint at the charts, something interesting is happening. A bunch of technical patterns are starting to line up, all pointing to the same idea: the $60,000 to $72,000 zone might be the new floor. A place where Bitcoin catches its breath before the next leg up.

Key Takeaways:

• A double bottom pattern is flashing trend reversal vibes.

• The BTC/gold ratio is revisiting levels that historically signal a bottom is near.

• Bitcoin's price is testing a multi-year trendline that has marked major market lows for years.

Double Bottom Says: Trend Reversal Loading Bitcoin hit a multi-year low of $60,000 back on February 6. Since then, it's ripped 21% higher, touching $74,000—a 30-day high—before settling back to $72,500 on Thursday.

Analyst Jelle is watching the 12-hour chart closely. He says the "Adam & Eve bottom pattern is still playing out." Fancy name aside, it's a bullish reversal setup. Think of it as a cousin to the classic double bottom. It shows up after a downtrend and basically says: selling pressure is running out of steam.

Wednesday was the key moment. Price broke above the neckline—that's the high point between the two bottoms, sitting at $70,000—and closed above it. That's confirmation, technically speaking. But Jelle adds a warning: bulls need to hold this breakout zone. If they don't, we could see another flush downward.

The Bitcoin-Gold Ratio Is Whispering 'Bottom' Since December 2024, Bitcoin's been on a 13-month losing streak against gold. When BTC/XAU drops, it means investors are getting more cautious, ditching risk assets like Bitcoin for the old-school safety of gold. Usually, that's about macro worries, geopolitics, or liquidity drying up.

But here's the thing: history says this might be the turning point. Nic, CEO of Coinbureau, pointed out on X that in the last three cycles, it took about 14 months from peak to trough in this ratio. And those troughs? They lined up perfectly with bear market bottoms.

Late 2022 was the last one. The ratio bottomed, and Bitcoin hit $15,500. Then it went on a 352% tear, hitting a new all-time high of $73,800 by March 2024. Same story in 2018 and 2014: after the BTC/XAU ratio bottomed, Bitcoin ripped 300% to 450% over the next year.

We're now 13 months from the last peak. If the pattern holds, the bottom could be just around the corner.

A Multi-Year Trendline Says: We've Been Here Before Pull up a monthly Bitcoin chart on TradingView, and you'll see a trendline that's been catching Bitcoin's falls for years. It marked the bottom in 2018. It marked the bottom in 2022. And right now? Price is retesting it again.

A trader from Coinvo Trading broke it down in an X video: "Bitcoin is approaching the historical bottom levels of the trendline." If history rhymes, he says, we'll see a retest here, and then—long term—a run toward $500,000.

Rekt Fencer, another analyst, is even more direct. After spotting a similar setup on the weekly chart and watching price retest that 2022 trendline, he says he's "convinced that Bitcoin's bottom is in."

Cointelegraph also notes that other indicators, like RSI, are lining up. So yeah, no one has a crystal ball. But the charts are definitely trying to tell us something.