Bitcoin (BTC) is currently trading above $70,000 again, after a slight rebound from its ongoing downtrend that has… He raised his price to $68,000 Last week. Despite the brief bounce, market analysts point out that Bitcoin’s downtrend is far from over and remains broadly unchanged. The analyst believes that the world’s largest cryptocurrency could fall significantly unless it breaks a major trend line that could change its course.
Why Bitcoin Bear Trend Remains Unchanged
Market expert CrypFlow has Released New analysis of Bitcoin price on X this week, keeping… The outlook is largely bearish For the cryptocurrency unless it can break out of the critical trend line. According to the analyst, Bitcoin recently faced another rejection from Relative Strength Index (RSI) The downtrend is on the three-day time frame.
CrypFlow noted that every small bounce to key resistance areas is still sold off quickly, confirming this Weak price structure. The analyst explained that there is a continuing downward trend for Bitcoin, though Sometimes relief marchesstems from its continued adherence to a distinct bearish structure.
Within this structure, Bitcoin is formed Bear flagfaces rejection at key resistance levels, then resumes its decline towards lower levels. The accompanying chart of CrypFlow provides further clarity on this bearish pattern. The overall narrative is that the market has stayed put Continuing bear trend Since Bitcoin reached its peak.
Based on the chart, the analyst identified the cycle high for BTC at around October 2025, when the price It rose above $126,000. From this height, a clear downward channel was formed, represented by two converging red trend lines sloping downward from the upper left to the lower right.
As Bitcoin continues to decline within the bearish channel, the cryptocurrency has formed two distinct bear flag patterns. The first appeared in the period from November to December 2025, where the price consolidated sideways within a rectangular range after a sharp decline, before collapsing violently again. The second and most recent bear flag is now formed in March 2026. During this phase, BTC is formed It rebounded from levels below $65,000 Since then it has consolidated within a rising wedge pattern.
The appearance of a new Bear Flag continuation pattern indicates that CrypFlow expects another downward movement if the price drops below the current structure. The analyst highlighted a strong horizontal support area around $62,650, noting that this level is currently supporting Bitcoin’s entire structure. This support level represents a crucial line for bulls and bears, and a break below it could indicate a more serious downtrend.
On the upside, CrypFlow added that a decisive break above the downtrend line, which would potentially push Bitcoin price beyond $73,000, could negate the ongoing downtrend and open the door to renewed momentum.
Negative RSIs indicate further downside
At the bottom of the Bitcoin price chart, CrypFlow highlighted movements in both the RSI and RSI. Relative Strength Index Stochastic Indicator. At the time of analysis, Bitcoin’s RSI stands at 41.59, confirming its prevailing bearish momentum.
The analyst also identified two “oversold” RSI readings, one in December 2025 and one around February 2026, both of which coincided with sharp price declines. Notably, the falling red trend line across the RSI indicates that each bounce has been weaker than the last, which is a major bearish signal.
Additionally, the Stoch Relative Strength Index recorded readings of 79.57 and 89.51, putting the index in the overbought zone. CrypFlow has identified two separate “bearish cross” events on the Stoch RSI, one in December 2025 and one more recently in March 2026. The previous bearish cross was followed by a significant price decline, and the current cross forming now indicates that Selling pressure It may build again, which could indicate a stronger correction in the near term.
Featured image created with Dall.E, chart from Tradingview.com
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