Renko Mari-Ashi Chart Suggests Major Breakout for Bitcoin

A crypto analyst has used the Renko Mari-Ashi chart to analyze the Bitcoin price action and predict a potential major breakout. The chart is a special Japanese chart that focuses solely on a cryptocurrency's price movement, not its timing of actions.

The chart shows that Bitcoin has completed two Double Bottom formations, with the current one taking place around the $60,000 to $65,000 range. The first bottom was formed in February 2026 when BTC crashed down toward $60,000, while the second price floor emerged near $65,000 following a bullish fakeout.

The analyst suggests that this Double Bottom formation is likely to be followed by a major breakout, and that Bitcoin's bear market may be over. The chart indicates that the price action has returned to the green, signaling a potential strong rally ahead.