Bitcoin (BTC) is at the moment buying and selling above $70,000 once more, after a slight restoration from its ongoing downtrend that pushed its value to $68,000 final week. Regardless of the temporary bounce, market analysts recommend 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 except it breaks a key trendline that might change its trajectory.
Why The Bitcoin Bear Development Stays Unchanged
Market professional CrypFlow has launched a recent Bitcoin value evaluation on X this week, sustaining a largely bearish outlook for the cryptocurrency except it will possibly escape of a important trendline. In accordance with the analyst, Bitcoin just lately 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 value construction. The analyst defined that Bitcoin’s continued downward development, regardless of occasional aid rallies, stems from its constant adherence to a definite bearish construction.
Inside this construction, Bitcoin varieties a Bear Flag, encounters a rejection at key resistance ranges, after which resumes its decline towards decrease ranges. CrypFlow’s accompanying chart affords 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.
Primarily based on the chart, the analyst recognized BTC’s cycle prime round October 2025, when the worth skyrocketed above $126,000. From that top, 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 more moderen Bear Flag is forming proper now in March 2026. Throughout this part, BTC rebounded from ranges beneath $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 beneath the present construction. The analyst highlighted a powerful horizontal help zone round $62,650, noting that this degree at the moment helps Bitcoin’s whole construction. This help degree represents a important line within the sand for bulls and bears, and a breakdown beneath it might sign severe additional draw back.
On the bullish aspect, CrypFlow added {that a} decisive break above the descending trendline, probably pushing Bitcoin’s value past $73,000, might invalidate the continued bearish development and open the door to renewed momentum.
Unfavourable RSI Indicators Sign Additional Downtrend
On the backside of his Bitcoin value 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 value drops. Notably, a descending pink trendline throughout the RSI signifies that every bounce has been weaker than the final, a significant bearish sign.
As well as, the Stoch RSI recorded readings of 79.57 and 89.51, putting 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 major value drop adopted the sooner bearish cross, and the present one forming now means that promoting stress 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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