Bitcoin Reclaims $70K as Experts Signal a BTC Bottom

Bitcoin has risen over the $70,000 threshold, giving markets hope that the market meltdown may be coming to a close. Since the end of January 2026, the largest cryptocurrency by market cap has continued to experience a drawdown because of macro uncertainties, ETF outflows, and risk-off sentiments. Nevertheless, a recent evaluation by Galaxy Research and Bitwise indicates that the market could be moving into the late phase of its correction.