News listBitcoin price record 90-day uptrend 'resembles bull market rally:' New analysis
CoinTelegraph2026-05-22 07:12:28 BullishBTC

Bitcoin price record 90-day uptrend 'resembles bull market rally:' New analysis

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Bitcoin price record 90-day uptrend 'resembles bull market rally:' New analysis Bitcoin rallied for 90 days after its dip below $60,000, breaking the record for the longest uptrend within a bear market in BTC price history. Bitcoin (BTC) has trended up for 90 days and is seeing a “bull market rally,” analysis says. Key points: - Bitcoin has trended up for 90 days within its bear market — something that has never happened before. - Analysis thus sees price as being in a "bull market rally," with February's macro lows untouched. - Separate commentary calls for a reclaim of the weekly supertrend nearer to $90,000 to confirm that bulls are back. Bitcoin internal bear-market uptrend makes history In a post on X on Thursday, trader and analyst Matthew Hyland said that Bitcoin’s recent rebound from macro lows has been unlike any other 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 According to Hyland, BTC/USD has been in a fresh uptrend since the last week of February. At the start of the month, the pair briefly fell below $60,000, hitting its lowest levels since late 2024. Since then, relief has taken over, with Bitcoin reaching local highs near $83,000 exactly three months after the February bottom, data from TradingView confirms. “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. Source: Matthew Hyland/X An accompanying chart shows that resistance was cleared when the price first broke above and held $77,000. “Both of these characteristics are characteristics of a bull market rally NOT a bear market rally,” Hyland reiterated. Analyst: BTC price needs $88,000 rebound On the topic of bear market expirations, independent analyst Filbfilb demands a higher resistance reclaim for confirmation that bulls are back in control. Related: Bitcoin due '5%+' move as analysis stays bullish on BTC price outlook Bitcoin’s weekly supertrend, currently near $90,000, is the line in the sand to watch. “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 one-week chart with supertrend data. Source: Cointelegraph/TradingView The super trend is calculated using the average true range of price, coupled with a multiplier. BTC/USD last had a weekly close above the supertrend line in early November 2025. More on the subject
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ID:de390d5db0
Source:CoinTelegraph
Published:2026-05-22 07:12:28
Category:bullish · Export Category bullish
Symbols:BTC
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