Bitcoin (BTC) Price Has Just Printed a Major Bullish Signal, Confirming a Strong Local Bottom

The Bitcoin price has just printed a major bullish signal, officially confirming a strong local bottom and sparking renewed sentiment among analysts.

April closed in the green, setting the stage for a potential rally toward the six-figure price territory. Technical analysis is now confirming a strong local bottom for Bitcoin, setting the crypto up for a potential rally toward the next resistance area.

One market expert is highlighting a bullish signal that has just appeared on the Ichimoku Kinko Hyō chart, which is used to identify levels of support and resistance, as well as the overall trend direction.

A close above the Tenkan signals short-term bullish momentum, while the Kijun confirms strength in a medium-trend. The thick Kimo cloud represents the most bullish configuration, indicating clear trend dominance.

Furthermore, when Bitcoin closes above all Ichimomo levels, it establishes a dynamic support or resistance zone, validating the overall bullish structure.

Completing the Ichimoku pattern and setting the stage for a potential rally is the Kimo cloud, which is formed by the Highs Minus 26 and Lows Plus 26 of the price over the past 26 periods. When the Kimo cloud is above the price, it is said to be Bearish Kumo, and when it is below the price, it is said to be Bullish Kumo.

After several months of sideways trading in Bearish Kumo, the price finally broke above the Kimo cloud in April, transitioning into Bullish Kumo. This breakout also coincided with the price reclaiming the April high, setting the stage for a potential rally.

Rectangular zone is "the local bottom"

The rectangular zone highlighted as “the local bottom” on the chart reflects price action between February and April 2025, where BTC formed a higher low above the Kijun. The bullish April monthly candle close above this zone officially establishes this region as a strong foundational support, which validates the possibility of a local bottom from a technical standpoint.

Now, with the local bottom confirmed and momentum on its side, Bitcoin could be headed to the next likely resistance area, marked on the chart as the “Next Point of Interest.” This area sits above the $110,000 region, near $115,000.

For this bullish scenario to play out, BTC must maintain its position above the April high and the Kijun as dynamic support. Bulls will need to defend any retracements toward these zones to preserve momentum. Failure to do so could lead to a deeper correction, invalidating the bullish outlook.