Bitcoin Renko Mari-Ashi Reveals Where The Bottom Lies And When The Rise Will Begin Again
A crypto analyst uses the Renko Mari-Ashi chart—a Japanese price-action charting method that filters market noise—to identify a Double Bottom formation in Bitcoin around $60,000-$65,000, suggesting the bear market may be ending and a major bull run could begin. Historical precedent from 2024 shows similar patterns preceded significant rallies to new all-time highs.
The Renko Mari-Ashi chart analysis presents an interesting technical case for Bitcoin's potential reversal. Unlike traditional candlestick charts that create new candles at fixed time intervals, Renko Mari-Ashi blocks form only when price moves by a specific amount, effectively isolating price action from temporal noise. This distinction matters because it highlights genuine trend reversals without the distortion of intraday volatility or prolonged consolidation periods.
The identified Double Bottom pattern carries weight due to historical precedent. In 2024, a similar formation preceded Bitcoin's explosive rally from support levels to $100,000, followed by an even more dramatic push to $126,000 in October 2025. The pattern's recurrence in February-March 2026 near $60,000-$65,000 suggests market structure has been tested twice at comparable levels, theoretically establishing a strong support floor. The analyst's observation that price action has "returned to the green" indicates the pattern has already begun resolving upward.
However, traders should exercise caution. While the Renko Mari-Ashi filters noise effectively, it remains one analytical tool among many and doesn't eliminate drawdown risk. The psychology of Double Bottom formations depends on whether institutional and retail participants collectively respect these support levels. Market conditions in 2026 differ substantially from 2024-2025 regarding macroeconomic factors, regulatory environment, and Bitcoin's derivatives market complexity.
The practical implication for market participants involves setting alerts near $60,000-$65,000 support and monitoring whether bounces demonstrate genuine conviction or temporary relief rallies. The next critical test involves whether Bitcoin can sustain moves above intermediate resistance zones established during the decline from $126,000.
- →Renko Mari-Ashi chart reveals Bitcoin Double Bottom formation at $60,000-$65,000 support levels in February-March 2026
- →Similar Double Bottom pattern in September 2024 preceded Bitcoin's surge to $100,000 and eventual $126,000 all-time high
- →Chart suggests bear market may be concluding with price action entering a bullish breakout zone
- →Historical precedent indicates potential for major bull run if current pattern replicates 2024 trajectory
- →Renko Mari-Ashi filters time-based noise to isolate genuine price trends and reversals across market cycles