Bitcoin is in a bearish trend that has spread from 2025 to 2026. It has lasted since January and throughout the first quarter of the year, Bitcoin’s price continued to decline. However, this trend seems to be here comes to an end with the final move. According to one of the cryptocurrency analysts, there has been a deviation that may prove to be very significant for the cryptocurrency to enter the next bull market.
The Bitcoin rejection trend is coming to an end
Looking back at Bitcoin’s price performance from January to the end of the first quarter of the year, cryptocurrency analyst CrypFlow overview of the most significant events that the downward trend continues. It is characterized by this cryptocurrency has been met with rejection with each upward thrust and then a downward thrust even lower.
It was similar in January and it was also the same last week after price rejection. However, with the pump at the beginning of the week, Bitcoin is starting to move in a different direction. Instead of a rejection and then a move down, bulls want to maintain the uptrend.
The initial move above $69,000 drove the price of Bitcoin print higher height for the first timesuggesting a change of direction. Not only has a higher top emerged, but there has also been a change in momentum, suggesting bull strength.
As a result, the fact is that Bitcoin RSI is currently regaining its moving average that was lost at the beginning of the year. In addition, at the beginning of the month, the stochastic RSI recorded a bullish cross. CrypFlow indicates that this is a fundamental difference because there was no momentum in January. But this time the dynamics are getting stronger.
Related reading: Here’s why Bitcoin and Ethereum prices may fall this week
Since the price fell when momentum failed in January, the assumption is that the price will rise now that momentum holds. This deviation may change the Bitcoin price narrative this time. “Which makes this the first real deviation from this pattern. If this happens, it could be the beginning of a short-term trend change,” the analyst said.
In terms of Bitcoin price, the move above $69,000 is significant because it is the high of the previous cycle. Therefore, this level could serve as a level of generational resistance. A breakout with appropriate dynamics may signal the return of the bull market.
Featured image from Dall.E, chart from TradingView.com
