Renko Mari-Ashi Chart Suggests Potential Double Bottom Formation in Bitcoin

A recent analysis of Bitcoin's price action using the Renko Mari-Ashi chart has revealed a potential Double Bottom formation, sparking hopes that the cryptocurrency may be on the verge of a major breakout. The chart, which is a special type of Japanese chart that focuses solely on a cryptocurrency's price movement, shows that Bitcoin has now completed its second Double Bottom formation since 2018.

The analysis suggests that the current bear market may be over and that price action has returned to the green. According to the Renko Mari-Ashi chart, the Double Bottom was formed in the $60,000 to $65,000 range, with the first bottom emerging in February 2026 when BTC crashed down toward $60,000.

With this Double Bottom now confirmed, the analyst believes that Bitcoin's price action is now in a bullish breakout zone, signaling a potential strong rally ahead. If history repeats itself, Bitcoin could be headed for another major bull run to new highs this cycle.