Bitcoin Renko Mari-Ashi Chart Reveals Double Bottom Formation

A recent analysis of the Renko Mari-Ashi chart has shed new light on Bitcoin's price action, highlighting a Double Bottom formation that could signal the end of the current bear market. This chart type is designed to filter out market noise and highlight major trends and reversals in cryptocurrency prices.

The analyst, Geometric, used the Renko Mari-Ashi chart to track Bitcoin's movements from 2018 to the present, identifying two Double Bottom formations that have preceded significant price rallies in the past. The first Double Bottom occurred around September 2024, just before Bitcoin's historic surge to $100,000.

The current Double Bottom is confirmed to be around the $60,000 to $65,000 range, with the first bottom forming in February 2026 and the second near $65,000 following a bullish fakeout. With this formation now complete, Geometric suggests that Bitcoin's price action has returned to the green, signaling a potential strong rally ahead.