Bitcoin (BTC) is at present 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 just isn’t over and stays broadly unchanged. The analyst believes that the world’s largest cryptocurrency may nonetheless go a lot decrease until it breaks a key trendline that might change its trajectory.
Why The Bitcoin Bear Pattern Stays Unchanged
Market knowledgeable CrypFlow has released a recent Bitcoin worth evaluation on X this week, sustaining a largely bearish outlook for the cryptocurrency until it may possibly get away of a important trendline. In response to the analyst, Bitcoin not too long ago confronted one other rejection from the Relative Power Index (RSI) downtrend on the three-day timeframe.
CrypFlow noticed that every minor bounce into key resistance areas continues to be offered off shortly, underscoring a weak price structure. The analyst defined that Bitcoin’s continued downward development, regardless of occasional relief ralliesstems from its constant adherence to a definite bearish construction.
Inside this construction, Bitcoin varieties and Bear Flagencounters a rejection at key resistance ranges, after which resumes its decline in direction of decrease ranges. CrypFlow’s accompanying chart affords additional readability on this bearish sample. The general narrative is that the market has remained in and sustained bear development since Bitcoin reached its peak.
Based mostly on the chart, the analyst recognized BTC’s cycle high round October 2025, when the worth skyrocketed above $126,000. From that prime, a transparent descending channel fashioned, represented by two converging pink 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 worth consolidated sideways inside an oblong vary after a pointy drop, earlier than breaking down violently once more. The second and newer 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 worth breaks under the present construction. The analyst highlighted a robust horizontal assist zone round $62,650, noting that this stage at present helps Bitcoin’s total construction. This assist stage represents a important line within the sand for bulls and bears, and a breakdown under it may sign severe additional draw back.
On the bullish facet, CrypFlow added {that a} decisive break above the descending trendline, doubtlessly pushing Bitcoin’s worth past $73,000, may invalidate the continued bearish development and open the door to renewed momentum.
Detrimental 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 pink 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 not too long ago in March 2026. A major worth drop adopted the sooner bearish cross, and the present one forming now means that promoting strain 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
Editorial Course of for bitcoinist is centered on delivering totally researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent evaluate by our group of high know-how consultants and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.
