Bitcoin’s Fate Hangs in the Balance: Key Trendline Break Could Spark Bullish Reversal

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<a href="https://investment-policy.com/btc-usd/">Bitcoin</a> Bear Trend Remains Unchanged, But A Break Of This Trendline Could Change Everything

Bitcoin is back above $70,000 after briefly dropping to $68,000 last week. However, experts believe the overall downward trend isn’t over and the price could fall further unless it can break through a critical resistance level. This breakout would signal a potential shift in direction for the leading cryptocurrency.

Why The Bitcoin Bear Trend Remains Unchanged

This week, crypto analyst CrypFlow shared a new Bitcoin price prediction on X (formerly Twitter), and remains pessimistic unless the price can surpass a key trendline. CrypFlow notes that Bitcoin recently attempted to move higher but was turned back down, based on readings from the Relative Strength Index (RSI) over the past three days.

CrypFlow has noticed that whenever Bitcoin’s price briefly rises to meet resistance, it quickly falls back down, suggesting the price isn’t very stable. The analyst believes Bitcoin is still generally trending downward, even with small temporary increases, because it consistently follows a bearish pattern.

Bitcoin is currently showing signs of a continued downward trend, forming what’s known as a Bear Flag pattern. It’s facing resistance at important price levels and appears to be resuming its decline. A chart from CrypFlow provides a more detailed look at this pattern. Overall, the market has been in a consistent downtrend since Bitcoin’s highest point.

The analyst determined, based on the chart, that Bitcoin likely peaked around October 2025, reaching a high of over $126,000. After that peak, the price began to fall, forming a downward trend indicated by two red lines that get closer together as they move from the upper left to the lower right of the chart.

Bitcoin’s price has been falling, and it’s shown a bearish pattern twice. The first time was between November and December 2025, where the price briefly paused before dropping sharply again. Now, in March 2026, we’re seeing a similar pattern. Bitcoin recovered from below $65,000 but is now trading within a tightening range, suggesting further declines may be ahead.

A new technical pattern called a Bear Flag suggests CrypFlow expects the price of Bitcoin to fall further if it drops below its current support level. Currently, Bitcoin is strongly supported around $62,650, and this level is crucial. If the price falls below $62,650, it could indicate a significant price decrease.

According to CrypFlow, if Bitcoin’s price clearly rises above its current downward trendline – possibly exceeding $73,000 – it could signal the end of the recent price decline and lead to a new upward surge.

Negative RSI Indicators Signal Further Downtrend

CrypFlow’s Bitcoin price chart showed that both the RSI and Stochastic RSI were trending downwards. The RSI was at 41.59 at the time, indicating a strong selling trend for Bitcoin.

The analyst spotted two instances where the Relative Strength Index (RSI) indicated the asset was oversold – in December 2025 and February 2026 – and both times the price quickly fell. Furthermore, the RSI is showing a concerning pattern: each time the price briefly recovers, it doesn’t bounce back as strongly as before, suggesting a likely continued price decline.

The Stoch RSI is currently showing very high readings of 79.57 and 89.51, indicating the asset is overbought. The CrypFlow indicator has identified two “Bearish Cross” patterns on the Stoch RSI – one in December 2025 and another recently in March 2026. The first bearish cross was followed by a substantial price decrease, and the current pattern suggests increasing selling activity, which could lead to a more significant price drop in the short term.

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2026-03-24 16:12