Bitcoin (BTC) is currently trading above $70,000 again after recovering slightly from its ongoing downtrend. They raised the price to $68,000. last week. Despite the brief rebound, market analysts argue that Bitcoin’s bearish trend is far from over and remains largely unchanged. The analyst believes the world’s largest cryptocurrency could still go much lower unless it breaks a key trend line that could change its trajectory.
Why the Bitcoin Bear Trend Isn’t Changing
Market expert CrypFlow released With our new Bitcoin price analysis for X this week: Broadly bearish outlook For cryptocurrencies, as long as there is no deviation from an important trend line. Bitcoin recently faced another rejection, according to analysts. Relative Strength Index (RSI) It has been on a downward trend for 3 days.
CrypFlow observed that each small bounce into a major resistance area continued to be quickly sold off. weak pricing structure. The analyst nevertheless explained Bitcoin’s continued decline. Sometimes relief ralliesThis comes from consistently adhering to a clear bearish structure.
It is within this structure that Bitcoin is formed. bear flagIt faces rejection at a key resistance level and then falls back to lower levels. CrypFlow’s accompanying chart provides further clarity on this bearish pattern. The overall story is that the market is still there. continued bearish trend After Bitcoin reached its peak.
Based on the charts, the analyst identified a cycle high for BTC around October 2025, when the price would fall. Soars above $126,000. At that height, a clear descending channel has formed, indicated by two converging red trend lines sloping downward from top left to bottom right.
As Bitcoin continues to decline within a descending channel, the cryptocurrency has formed two distinct bear flag patterns. The first occurred between November and December 2025, when prices plummeted, then consolidated sideways within a rectangular range, before collapsing violently again. The second and most recent Bear Flag is currently being formed in March 2026. At this stage, BTC Rebound from levels below $65,000 It then consolidated within a rising wedge pattern.
The emergence of a new Bear Flag continuation pattern suggests that CrypFlow expects another downside move if the price falls below the current structure. The analyst highlighted a strong horizontal support area around $62,650, noting that this level currently supports Bitcoin’s overall structure. This support line represents an important dividing line between bulls and bears, and a break below this line could signal a significant further downside.
On the optimistic side, CrypFlow added that a clear break of the descending trendline could potentially push Bitcoin price above $73,000, which could nullify the ongoing bearish trend and open the door to new momentum.
A negative RSI indicator indicates a further downtrend.
CrypFlow has highlighted movements in both RSI and RSI at the bottom of the Bitcoin price chart. Stochastic RSI. At the time of analysis, Bitcoin’s RSI was 41.59, confirming the prevailing bearish momentum.
Additionally, the analyst identified two “oversold” RSI readings around December 2025 and February 2026, respectively, both of which coincided with sharp price declines. In particular, a descending red trend line across the RSI indicates that each bounce has been weaker than the last, which is a major bearish signal.
Additionally, Stoch RSI hit 79.57 and 89.51, putting it in overbought territory. CrypFlow showed two separate “bearish crossover” events in the Stoch RSI. One is in December 2025 and the other is as recently as March 2026. There has been a significant price drop since the previous bearish crossover and what is currently forming is: selling pressure It may be rebuilt, which could potentially mean stronger adjustments in the short term.
Featured image created with Dall.E, chart from Tradingview.com
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