Bitcoin Price Record 90-Day Uptrend ‘Resembles Bull Rally:’ Fresh Analysis

Featured in:
abcd

Bitcoin (BTC) has been on an upward trend for 90 days and is observing a “bull market”, according to the analysis.

Key Points:

sadasda
  • Bitcoin continued its uptrend for 90 days in a bear market – something that has never happened before.
  • The analysis therefore indicates that the price is in a “bull” phase and the February macro lows have not been touched.
  • A separate commentary calls for a recovery of the weekly supertrend near $90,000 to confirm the return of the bulls.

The Bitcoin bear market’s internal uptrend is making history

In write to X on Thursday, trader and analyst Matthew Hyland said Bitcoin’s recent rebound from macro lows is unlike any other in history.

“This BTC rally looks like a bull rally, NOT a bear rally,” he concluded.

BTC/USD 1-day chart. Source: Cointelegraph/TradingView

According to Hyland, BTC/USD has been in a novel upward trend since the last week of February. At the beginning of the month, a couple it briefly fell below $60,000and reached its lowest level since the end of 2024.

Relief has since set in, with Bitcoin hitting local highs near $83,000 exactly three months after its February low, TradingView data confirms.

“Never in BTC history has there been a rally that trended upward for 89 days during a bear market,” he continued.

“Breaking high resistance on the time frame also signaled the beginning of a bull market three times.”

BTC/USD weekly chart. Source: Matthew Hyland/X

The attached chart shows that resistance was broken when the price broke above for the first time and held at $77,000.

“Both of these characterize a bull market, not a bear market,” Hyland reiterated.

Analyst: BTC price needs to rebound by $88,000

As for the bear market ending, independent analyst Filbfilb is calling for a bounce of higher resistance to confirm that the bulls are taking control again.

Related: Bitcoin due to move ‘5%+’ as analysis remains bullish on BTC price outlook

Bitcoin’s weekly supertrend, currently near $90,000, is a line in the sand worth watching.

“The last 2 BTC bear markets ended with a weekly candle of >+20% and a break of the weekly supertrend – currently around $88,000,” he added. he said X followers

“If the bearish move we’re seeing right now doesn’t pan out, I expect one of these candles to happen, and not much poking around these levels.”

BTC/USD weekly chart with supertrend data. Source: Cointelegraph/TradingView

The Supertrend is calculated using the average true price range combined with a multiplier. The last time BTC/USD had a weekly close above the supertrend line was in early November 2025.

abcd
sadasda

Find us on

Latest articles

Related articles

See more articles

What Goldman Sachs Abandoning Its XRP Vault Means for...

Goldman Sachs has quietly exited its exposure to XRP ETFs, reducing a position once valued at around...

XRP adds 4,300 fresh wallets in 24 hours, but...

Over the past 24 hours, the XRP Ledger has seen a surge in fresh addresses, but overhead...

The CEO claims that XRP could achieve staggering growth...

Investor interest increased by 30%. This is part of Canary Capital CEO Steven McClurg's predictions for XRP...

Modern Bitcoin lows? Analysts say chances are ‘extremely tiny’

Binance Pool's mining reserves dropped from 41,987 to 41,915 in May, a tiny but telling sign that...

The accused attackers of the Sandbox executive’s wife tried...

According to local reports, two of the six men accused of trying to kidnap the wife of...

Ethereum price eyeing a breakout move, traders keeping a...

Ethereum price has started a recovery wave above the $2,120 zone. ETH is currently consolidating and could...