Bitcoin was in a bearish trend that stretched from 2025 to the year 2026. This trend has continued from January and throughout the first quarter of the year, the Bitcoin price has continued to decline as a result. However, this trend appears to be the case is nearing its end with its most recent move. According to a crypto analyst, there is an anomaly, which could be of great importance for the cryptocurrency to enter the next bull market.
The Bitcoin rejection trend is coming to an end
Looking Back at Bitcoin Price Performance from January to the End of the First Quarter of the Year, Says Crypto Analyst CrypFlow highlights that there is a constant bearish trend. This is characterized by the cryptocurrency encountering a rejection with each push up, and then even lower back down.
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That was the case in January and was still the case last week after the price rejection. However, with the pump at the start of the week, Bitcoin is starting to move in a different direction. Instead of a rejection and then a move lower, bulls try to maintain the uptrend.
The first move above $69,000 boosted Bitcoin prices prints a higher high for the first timewhich suggests a change in direction. Not only has the higher high appeared, but there has also been a change in momentum, indicating strength on the part of the bulls.
As a result, the Bitcoin RSI is now regaining its moving average, which was lost earlier this year. Moreover, the Stochastic RSI showed a bullish cross at the beginning of the month. CrypFlow points out that this is a big difference because momentum had broken down in January. But this time the momentum is getting stronger.
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Since the price moved lower as momentum waned in January, it is believed that the price will move higher now that momentum is holding. This deviation could change the story for the Bitcoin price this time. “This makes this the first real departure from that pattern. If this continues, it could be the start of a near-term trend shift,” the analyst said.
As for the Bitcoin price, the move above $69,000 is important because it is the previous cycle peak. This level could therefore serve as a resistance level for generations. Once broken with enough momentum, this could signal a return of the bull market.
Featured image of Dall.E, chart from TradingView.com