Bitcoin enters recovery phase, holding $72K is crucial

The Crypto Basic reported that CryptoQuant's Bitcoin Bullish Score Index (BSI) has risen to 40, signaling that the market has officially entered a recovery phase. The BSI had fallen from a high of 80 in October 2025 to 10 in early March 2026 before its recent rebound. Analysts warn that Bitcoin must hold the $72,000 support level, as a failure to do so risks erasing all recent gains.