Bitcoin (BTC) is presently buying and selling above $70,000 once more, after a slight restoration from its ongoing downtrend that pushed its worth to $68,000 final week. Regardless of the transient bounce, market analysts recommend that Bitcoin’s bear development shouldn’t be over and stays broadly unchanged. The analyst believes that the world’s largest cryptocurrency might nonetheless go a lot decrease until it breaks a key trendline that might change its trajectory.
Why The Bitcoin Bear Development Stays Unchanged
Market professional CrypFlow has launched a contemporary Bitcoin worth evaluation on X this week, sustaining a largely bearish outlook for the cryptocurrency until it may well get away of a important trendline. In accordance with the analyst, Bitcoin just lately confronted one other rejection from the Relative Energy Index (RSI) downtrend on the three-day timeframe.
CrypFlow noticed that every minor bounce into key resistance areas continues to be bought off rapidly, underscoring a weak worth construction. The analyst defined that Bitcoin’s continued downward development, regardless of occasional reduction rallies, stems from its constant adherence to a definite bearish construction.
Inside this construction, Bitcoin types a Bear Flag, encounters a rejection at key resistance ranges, after which resumes its decline towards decrease ranges. CrypFlow’s accompanying chart gives additional readability on this bearish sample. The general narrative is that the market has remained in a sustained bear development since Bitcoin reached its peak.
Based mostly on the chart, the analyst recognized BTC’s cycle prime round October 2025, when the value skyrocketed above $126,000. From that top, a transparent descending channel fashioned, represented by two converging crimson trendlines that slope downward from higher left to decrease proper.
As Bitcoin continued to say no throughout the descending channel, the cryptocurrency fashioned two distinct Bear Flag patterns. The primary appeared round November to December 2025, the place the value consolidated sideways inside an oblong vary after a pointy drop, earlier than breaking down violently once more. The second and more moderen Bear Flag is forming proper now in March 2026. Throughout this part, BTC rebounded from ranges under $65,000 and has since been consolidating inside a rising wedge sample.
The emergence of a brand new Bear Flag continuation sample means that CrypFlow anticipates one other downward transfer if the value breaks under the present construction. The analyst highlighted a robust horizontal help zone round $62,650, noting that this degree presently helps Bitcoin’s whole construction. This help degree represents a important line within the sand for bulls and bears, and a breakdown under it might sign critical additional draw back.
On the bullish aspect, CrypFlow added {that a} decisive break above the descending trendline, doubtlessly pushing Bitcoin’s worth past $73,000, might invalidate the continued bearish development and open the door to renewed momentum.
Destructive RSI Indicators Sign Additional Downtrend
On the backside of his Bitcoin worth chart, CrypFlow highlighted actions in each the RSI and the Stochastic RSI. On the time of the evaluation, Bitcoin’s RSI stood at 41.59, confirming its dominant bearish momentum.
The analyst additionally recognized two “Oversold” RSI readings, one in December 2025 and the opposite round February 2026, each of which coincided with sharp worth drops. Notably, a descending crimson trendline throughout the RSI signifies that every bounce has been weaker than the final, a serious bearish sign.
As well as, the Stoch RSI recorded readings of 79.57 and 89.51, inserting the indicator in overbought territory. CrypFlow marked two separate “Bearish Cross” occasions on the Stoch RSI, one in December 2025 and the opposite just lately in March 2026. A big worth drop adopted the sooner bearish cross, and the present one forming now means that promoting stress could also be constructing once more, doubtlessly signaling a stronger correction within the close to time period.
Featured picture created with Dall.E, chart from Tradingview.com
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