Bitcoin Bear Trend Remains Unchanged, But A Break Of This Trendline Could Change Everything
Bitcoin is trading above $70,000 but remains in a bearish trend, according to analyst CrypFlow. The analyst notes that BTC faces repeated rejections at key resistance trendline on the RSI, reinforcing a weak price structure. The market has formed two Bear Flag patterns since the October 2025 peak near $126,000, with the latest one currently developing. A breakdown below the critical $62,650 support could trigger further declines. However, a decisive break above the descending trendline (around $73,000) may invalidate the bearish outlook. Both RSI and Stochastic RSI indicate ongoing bearish momentum, with recent signals suggesting increasing selling pressure and potential near-term correction.
bitcoinist03/24 17:32