Bitcoin has surged from the 80,500-dollar level to the current 87,300 dollars over three days, which means, according to TradingView, an increase of approximately 8.64%. At first glance, such performance might seem like evidence of a completed correction and a sign of a new bullish trend. The reality, however, looks much less convincing.

Bitcoin created only a weak bounce

According to the chart, it is clear that the market is still far from a critical point that would confirm a true reversal. A sharp 25% drop over ten days from the local high of 104,700 dollars to the low of 80,500 dollars created a corrective structure that requires a much stronger response from buyers.

So far, it does not appear that buyers have the impulse needed to break the decisive resistance. On the chart, this obstacle is marked by a white line, and the current market value does not even approach it. Although the rebound looks visually interesting, from a trend perspective it is extremely weak and so far does not indicate any significant reversal.

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Current market behavior

An 8.64% rise might have sparked increased optimism in another period, but now it looks more like a muted reaction after such an intense drop. With similarly deep corrections, a much more energetic return of buyers is traditionally expected, usually visible in large green candles, a sharp increase in volumes, or a clear breakthrough of the nearest resistance.

Current market behavior does not correspond to this at all. So far, it is more of a technical rebound within an ongoing downtrend. Since the price remains far from the level that ended the last corrective wave, we cannot say that the market has found a new impulse. Such weakness may indicate preparation for further fluctuations or even a continuation of the downward trend if buyers do not enter the market more significantly.

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