 ▲ Bitcoin (BTC), gold, silver, and the U.S. dollar (USD)/ChatGPT-generated image |
Analysis suggesting that Bitcoin (BTC) has completed a historic correction and is preparing for an explosive rebound based on historical indicators is drawing significant market attention.
According to cryptocurrency-focused outlet The Daily Hodl on March 9 (local time), crypto analyst Kevin Svenson stated that Bitcoin’s downward phase has effectively ended based on his price model, which has historically demonstrated high accuracy. Svenson assessed that the current range—following a correction from the record high of $126,000 in October 2025 to the low $60,000 levels—appears to be forming a strong bottom. He explained that securing the $60,000 level as support will serve as a critical foundation for reclaiming the $100,000 milestone.
Svenson highlighted as key evidence that Bitcoin’s market value to realized value (MVRV) indicator has reached levels seen at the lowest points of mid-cycle corrections during past bull markets. “The current market structure closely resembles the energy compression phase that preceded major rallies in the past,” Svenson said, adding, “While short-term volatility may persist, the broader macro-level downside pressure has largely been resolved.” If Bitcoin establishes stable daily closes above the $70,000 level, a renewed push toward $100,000 is expected to accelerate.
Market experts largely agree that this correction was not merely a price decline but a healthy adjustment that flushed out excessive leverage built up in the system. In February alone, liquidations across the digital asset market totaled tens of billions of dollars, but selling pressure has recently shown clear signs of easing. On-chain data indicating that Bitcoin holdings on cryptocurrency exchanges have fallen to their lowest levels of 2026 further supports the possibility of price appreciation driven by supply constraints.
However, some cautious observers warn against premature optimism, citing ongoing global macroeconomic uncertainty. Geopolitical variables—such as discussions among G7 nations regarding strategic petroleum reserve releases—could stimulate safe-haven demand, potentially causing renewed volatility in cryptocurrency markets, which are classified as risk assets. Major altcoins, including XRP, are also reacting sensitively to Bitcoin’s movements, making it critical to closely monitor overall liquidity flows across the market.
Ultimately, Bitcoin’s near-term direction is expected to hinge on whether it can break through the $75,000 resistance zone. Svenson emphasized that the current prolonged consolidation phase will soon end, leading to a powerful trend reversal, and urged investors to remain patient. Global investors are closely watching whether the cryptocurrency market can overcome the extreme fear of the past 14 days and achieve another dramatic resurgence in line with historical model projections.
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