NewsBTC •
May 1, 2026 at 19:00 •
Analysis
A crypto analyst has shared more insights into the Bitcoin (BTC) price action using a rare Japanese chart pattern called the Renko Mari-Ashi. The chart shows that the Bitcoin price has formed a Double Bottom and could be on the verge of a major breakout. Additionally, it has highlighted the points where the Double Bottom was formed, revealing the area where BTC is likely to start rising again in this cycle. Bitcoin Double Bottom Formation On The Renko Mari-Ashi Chart Geometric, a pseudonymous market analyst on X, said on April 28 that the Renko Mari-Ashi chart is signaling another major bottom formation for Bitcoin. He described this chart as a special Japanese chart that focuses solely on a cryptocurrency’s price movement, not the timing of its actions. Related Re...
