Bitcoin Reclaims $72,000 After Briefly Bottoming Near $64,000 Last Week

Bitcoin climbed back above $72,000 after briefly bottoming near $64,000 last week, fully reversing the previous week's losses in a single upward move. Onchain data show a sharp decline in exchange-held BTC supply, which has historically aligned with lower immediate selling pressure. The Supertrend indicator has turned green, the RSI has bounced from extreme oversold territory, and spot Bitcoin ETF flows have swung back to positive. Bulls would need to clear $80,000, viewed as the next major resistance level, to confirm a broader trend reversal.