The price of Bitcoin (BTC), which has been trending up since 90 days, is now at a record high. “bull market rally,” Analysis says
Important points
- Bitcoin has trended up for 90 days within its bear market — something that has never happened before.
- Price is seen as a function of a “bull market rally,” With February’s macro-lows intact.
- Separate comments call for the bulls to return by reclaiming their weekly supertrend, which is closer to $90.000.
Bitcoin’s internal bear market makes history
It is not a post on X Matthew Hyland, a trader and an analyst on Thursday said Bitcoin’s recent recovery from the macro-lows was unlike anything in history.
“This BTC rally resembles a bull market rally NOT a bear market rally,” He summarized.
BTC/USD one-day chart. Source: Cointelegraph/TradingView
Hyland claims that BTC/USD is in an uptrend. This has occurred since the end of February. At the beginning of this month, the pair briefly fell below $60,000The lowest level since the late 1990s.
TradingView data confirms that since then relief has taken hold, and Bitcoin is now at local highs of around $83,000, exactly three months from the bottom in February.
“There has NEVER been a rally that trended upward for 89 days ever in a bear market in BTC history,” He continued.
“The break of high time frame resistance also has marked the start of a bull market rally the prior three times.”
BTC/USD one-week chart. Matthew Hyland/X
The chart below shows the resistance level was broken when price broke through and held $77,000.
“Both of these characteristics are characteristics of a bull market rally NOT a bear market rally,” Hyland reiterated.
Analyst: BTC needs to rebound by $88,000
Filbfilb, an independent analyst who specializes in bear markets and their expiration dates, demands that a greater resistance be reclaimed to confirm the bulls’ return.
Related: Bitcoin due ‘5%+’ move as analysis stays bullish on BTC price outlook
The weekly Bitcoin supertrend is nearing $90,000. This trend should be closely monitored.
“The last 2 BTC bear markets ended with a >+20% weekly candle and a break of the weekly super trend – presently around $ 88k,” He told X Followers
“If the bearish move we see in play at the moment fails, I’m expecting one of those candles to happen rather than much messing about around these levels.”
BTC/USD chart for one week with supertrends. Source: Cointelegraph/TradingView
Supertrend is calculated by multiplying the true average price range with a multiplier. BTC/USD’s last weekly close over the supertrend was in November 2025.
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Source: cointelegraph.com
