#BTCRebound Bitcoin may be setting the stage for a major reversal, according to cryptocurrency analyst BTCEarth. In a recent post on X, the analyst pointed out a key support zone that remains strong, reinforcing the possibility of a bottom formation.

In particular, the analyst stated that the price action has "respected the long-standing blue support line," originally established around the "Trump rally breakout." The current structure suggests a "possible bottom formation near this area, supported by volume and historical price behavior."

With volume backing the movement and historical price behavior aligned, BTCEarth believes that the current structure could mark the first signs of a bullish change for Bitcoin.

BTCEarth noted that the horizontal blue support line on their chart closely aligns with Bitcoin's early breakout in September 2024. This level has since acted as a crucial support zone, having been tested several times over the past few months. Notably, the most recent price touches at $74,434 and $74,588 seem to have formed another significant bottom.