Bitcoin has been experiencing a downward trend that began in 2025 and has carried over into 2026. This decline has been evident since January, with the price of Bitcoin continuing to drop throughout the first quarter of the year. However, recent developments suggest that this bearish phase may be approaching its conclusion. A cryptocurrency analyst indicates that a significant deviation could pave the way for Bitcoin to enter a new bullish market.
The End of Bitcoin’s Rejection Trend
Reflecting on Bitcoin’s performance from January through March, crypto analyst CrypFlow notes an ongoing bearish trend marked by repeated rejections whenever there was an upward movement, leading to further declines.
This pattern was consistent in January and persisted last week after another price rejection. Yet, following a surge at the beginning of this week, it appears that Bitcoin is shifting direction. Instead of facing rejection followed by lower prices, bulls are now aiming to maintain an upward trajectory.
The initial rise above $69,000 marked a notable higher high for Bitcoin for the first time in months—an indication of potential directional change. Not only did this higher high emerge but also there is evidence suggesting increased momentum among buyers.
Consequently, it’s worth noting that Bitcoin’s Relative Strength Index (RSI) is regaining its moving average—a level it lost earlier this year. Additionally, at the start of this month, Stochastic RSI displayed a bullish crossover. CrypFlow emphasizes how significant this shift is compared to January when momentum faltered; currently however, momentum appears robust.
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Given that prices fell when momentum weakened back in January, analysts believe we can expect higher prices now as momentum remains strong. This deviation might be pivotal in altering perceptions regarding Bitcoin’s price trajectory moving forward. “This marks our first genuine departure from previous patterns; if sustained it could signify an impending short-term trend reversal,” stated the analyst.
The significance of surpassing $69,000 cannot be understated as it represents last cycle’s peak—potentially establishing itself as critical resistance going forward. If broken with sufficient force behind it ,this could herald a resurgence into bull market territory once again.