Don’t Celebrate Bitcoin Yet: The Trend Is Still Bearish, And This Is Why
Bitcoin’s temporary rally above $75,000 this week led to bullish optimism in some corners of the crypto market, however technical evaluation reveals the pattern might still be bearish. An in depth take a look at BTC’s each day and weekly charts tells a extra sobering story, one which reveals that the crypto king would possibly proceed on a decrease correction transfer within the coming days.
Bitcoin Is Still Trapped Inside A Bear Flag
Bitcoin’s value restoration into the mid-$70,000s this week is not enough on its personal to substantiate that Bitcoin is out of hazard. According to crypto analyst CrypFlow, the larger pattern is beginning to look constructive on greater timeframes, but the daily chart nonetheless reveals a bearish construction that has not been invalidated. Until that adjustments, the latest bounce may be nothing.
The each day candlestick timeframe chart reveals that BTC has spent the previous a number of weeks since early February consolidating inside a rising channel construction. This is a sample that, within the context of a previous downtrend, is technically labeled as a bear flag.
The chart reveals Bitcoin rallying into the higher boundary of the flag close to the $76,000 space earlier than getting rejected. That identical area additionally strains up with a significant resistance band marked on the chart, reinforcing the concept bulls haven’t but executed sufficient to flip the construction. The BTC value has since fallen again towards the center of the channel, leaving the main cryptocurrency at a short-term determination level.
As seen within the chart beneath, an analogous bear flag was shaped from mid-November 2025 to late January 2026, and this ultimately led to the breakdown to $60,000 in early February 2026.
The $70,000 To $76,000 Zone Now Matters More Than Ever
The present battle is happening between the midline of the flag and the current rejection zone is at $76,000. At the time of writing, Bitcoin is buying and selling at $70,610, which places it close to support round $70,000. If BTC closes the week beneath $70,000, then the bear flag tasks the worth on the trail to at the least $65,000.
In a separate evaluation, CrypFlow turned attention to the weekly timeframe and raised a extra macro-level concern utilizing Bitcoin’s Gaussian Channel indicator. This mannequin appears to be like at how Bitcoin has behaved throughout full market cycles.
According to the analyst, Bitcoin has by no means shaped its cycle backside earlier than the Gaussian Channel flips from inexperienced to crimson. Each main backside has come after that transition has already taken place. This sample performed out persistently in 2015, 2018, and once more in 2022, the place the ultimate lows solely arrived as soon as the channel had totally turned bearish.
Interestingly, the Gaussian Channel transitioned from inexperienced to crimson after Bitcoin’s low in early February, not earlier than. Although the Bitcoin value remains to be holding above $60,000 for now, the implication is that this stage may not be the final bottom.
