- Bitcoin grew for 90 days in a bear market – something that had never been seen before.
- According to the trader’s analysis, the cryptocurrency price is in a bullish rally.
According to trader and crypto analyst Matthew Hyland, the BTC/USD pair has been on a new upward trend since late February, as Bitcoin’s recent rebound from macroeconomic lows is unlike anything else.
This BTC rally resembles a bull market rally, not a bear market. “In Bitcoin’s history, there has NEVER been a bear market rally that lasted 89 days,” he wrote.
On According to According to TradingView, the BTC/USD pair briefly dipped below $60,000 at the beginning of the month, reaching its lowest level since late 2024. Since then, the coin has reached local highs around $83,000, exactly three months after its February low. Resistance was broken when the asset’s price first broke above $77,000 and consolidated there.
Both of these characteristics are characteristic of a bull market, not a bear market, Hyland said.
I agree that the bulls are back in charge cryptanalyst Filbfilb. He pointed out that Bitcoin’s weekly supertrend is currently at around $88,000. And that’s the line worth keeping an eye on.
The last two Bitcoin bear markets ended with a weekly candlestick gain of over 20% and a breakout of the weekly supertrend, which is currently at around $88,000. If the bearish trend we’re seeing now fails, I expect one of these candlestick patterns to occur rather than a stagnation at these levels, the expert believes.
The last time the BTC/USD pair closed above the supertrend line was in early November 2025.
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