The post Bitcoin price bounces from multi-year channel support, is the bottom in? appeared on BitcoinEthereumNews.com.

Bitcoin price has rebounded from a critical multi-year channel support near $62,500, raising the question of whether a high-timeframe bottom may be forming. Summary $62,500 marks multi-year channel support, active since March 2021 Confluence with value area high strengthens the bounce, increasing reaction probability Accumulation is required, to confirm a sustainable move toward the channel midpoint Bitcoin (BTC) price action has recently reacted from a major technical support zone that has defined market structure for several years. After an extended bearish expansion, BTC has revisited the lower boundary of a multi-year ascending channel that has remained intact since March 2021. This reaction has drawn renewed attention from traders, as the level coincides with additional technical confluence that historically has led to meaningful high-timeframe pivots. While short-term volatility remains elevated, the broader structure suggests Bitcoin may be entering a critical decision phase. Whether this bounce develops into a sustained recovery or fails into another leg lower will largely depend on how the price behaves around this key support region in the coming sessions. Bitcoin price key technical points $62,500 aligns with multi-year channel low, active since March 2021 Confluence with value area high strengthens support, increasing reaction probability Accumulation behavior is needed, to confirm a sustainable rotation higher BTCUSDT (1W) Chart, Source: TradingView From a higher-timeframe perspective, Bitcoin’s current location is technically significant. The multi-year channel, which has guided price action since early 2021, has consistently acted as both support and resistance during major market cycles. Each historical retest of the channel’s lower boundary has resulted in strong reactions, often marking the transition from bearish phases into broader recovery structures. The recent bounce from the $62,500 region once again highlights the importance of this channel. This level not only represents the channel low but also aligns with the value area high…

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Filed under: News - @ February 6, 2026 6:28 pm