Bitcoin has been in a bearish trend that spilled over from 2025 into the year 2026. This has persisted from January, and throughout the first quarter of the year, the Bitcoin price has continued to decline as a result. This trend, however, seems to be nearing its end with the most recent move. According to one crypto analyst, there has been a deviation, which could end up being very important for the cryptocurrency to enter the next bull market.
Bitcoin Rejection Trend Is Coming To An End
Looking back at the performance of the Bitcoin price starting from January through the end of the first quarter of the year, crypto analyst CrypFlow highlights that there has been a constant bearish trend. This is characterized by the cryptocurrency encountering a rejection with each push upward, and then pushing back downward even lower.
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This was the case in January, and this was still the case last week following the price rejection. However, with the pump at the start of the week, Bitcoin is starting to move in another direction. Instead of a rejection and then a lower move, bulls are looking to sustain the uptrend.
The initial move above $69,000 saw the Bitcoin price print a higher high for the first time, suggesting a change in direction. Not only did the higher high appear, but also, there has been a change in the momentum, which suggests strength on the part of bulls.
As a result, there is the fact that the Bitcoin RSI is now reclaiming its moving average, which was lost earlier in the year. In addition to this, the Stochastic RSI printed a bullish cross at the start of the month. CrypFlow points out that this is a major difference because, back in January, the momentum had failed. But this time around, the momentum is getting stronger.
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Since the price moved lower when the momentum failed back in January, it is assumed that the price will move higher now that the momentum is holding up. This deviation might end up being what changes the narrative for the Bitcoin price this time around. “Which makes this the first real deviation from that pattern. If this holds, this could be the start of a short-term trend shift,” the analyst said.
As for the Bitcoin price, the move above $69,000 is important because it is the previous cycle peak. Thus, this level could serve as a generational resistance level. Once broken with adequate momentum, it could signal a return of the bull market.
Featured image from Dall.E, chart from TradingView.com
