According to the *BIT on Target* weekly report, the bearish phase for Bitcoin may be nearing its end, as signals across multiple timeframes are gradually converging. The weekly stochastic oscillator has fallen to its lowest level since January 2023, a reading that historically has corresponded to market bottom zones; the trend model has also turned bullish, with the current trajectory showing more favorable conditions for a sustained reversal compared to the previous two signal shifts. On the price front, Bitcoin is currently consolidating around the $70,000 level, gradually approaching the 21-week moving average—a key dividing line between bull and bear markets. The report notes that $73,000 has acted as a significant threshold since March 2024, and if Bitcoin can effectively break through and hold above this level, the reversal signal would be further confirmed. On-chain capital inflow data shows the latest monthly inflow at approximately $1 billion, a marked improvement from the earlier phase of deep net outflows. The report also cautions that before the price enters the target range, upward momentum may still be disrupted by periodic risk factors.