Bitcoin (BTC) is at present buying and selling above $70,000 once more, after a slight restoration from its ongoing downtrend that pushed its price to $68,000 final week. Despite the temporary bounce, market analysts counsel that Bitcoin’s bear development is just not 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 would change its trajectory.
Why The Bitcoin Bear Trend Remains Unchanged
Market knowledgeable CrypFlow has released a contemporary Bitcoin value evaluation on X this week, sustaining a largely bearish outlook for the cryptocurrency until it could escape of a essential trendline. According to the analyst, Bitcoin not too long ago confronted one other rejection from the Relative Strength Index (RSI) downtrend on the three-day timeframe.
CrypFlow noticed that every minor bounce into key resistance areas continues to be offered off rapidly, underscoring a weak price structure. The analyst defined that Bitcoin’s continued downward development, regardless of occasional relief rallies, stems from its constant adherence to a definite bearish construction.
Within this construction, Bitcoin kinds a Bear Flag, encounters a rejection at key resistance ranges, after which resumes its decline towards decrease ranges. CrypFlow’s accompanying chart presents additional readability on this bearish sample. The total narrative is that the market has remained in a sustained bear trend since Bitcoin reached its peak.
Based 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 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 first 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. During this section, BTC rebounded from levels below $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 help zone round $62,650, noting that this stage at present helps Bitcoin’s complete construction. This help stage represents a essential line within the sand for bulls and bears, and a breakdown under it might sign severe additional draw back.
On the bullish facet, CrypFlow added {that a} decisive break above the descending trendline, probably pushing Bitcoin’s value past $73,000, might invalidate the continuing bearish development and open the door to renewed momentum.
Negative RSI Indicators Signal Further Downtrend
At the underside of his Bitcoin value chart, CrypFlow highlighted actions in each the RSI and the Stochastic RSI. At 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 value drops. Notably, a descending crimson trendline throughout the RSI signifies that every bounce has been weaker than the final, a significant bearish sign.
In addition, 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 important value drop adopted the sooner bearish cross, and the present one forming now means that selling pressure could also be constructing once more, probably signaling a stronger correction within the close to time period.
Featured picture created with Dall.E, chart from Tradingview.com
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