Is Bitcoin Building a Base Before Its Next Big Move Toward $88K?
Bitcoins move above $81K kept the unfilled $84K CME gap and $80.6K support in focus.Loukas said Bitcoins long rebound may signal base building rather than a brief countertrend rally.Whales bought 50,000 BTC in April while macro risks and the Fed meeting stayed in focus. Bitcoin has gained more than 20% over the past 30 days as market conditions improved and geopolitical tensions eased. The move pushed BTC near the $81,000 level for the first time since February, signaling renewed buying interest. Selling pressure returned soon after the breakout attempt. Still, the move placed Bitcoin near a key range as traders watch whether momentum could carry the asset toward higher resistance. Bitcoins 88-Day Move May Signal 2026 Cycle Low Analyst Bob Loukas said Bitcoin is getting close to the end of a natural countertrend move in a bear market. In an X post, he pointed to the $85,000 to $88,000 area as the zone now coming into focus. Loukas noted that this move looks different from a typical countertrend rally. He said such moves are usually sharper and shorter, while the current structure appears more like base building over a longer period. According to Loukas, Bitcoin has now spent 88 days since its low. He said no