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>>Bitcoin has broken the bearish trend that started in January, and $86,000 could be the next target.

Bitcoin has broken the bearish trend that started in January, and $86,000 could be the next target.

crypthub

4/8/2026, 10:50:23 AM

Bearish Trend Overview

The Bitcoin market has been in a prolonged downtrend since 2025, continuing through the first quarter of 2026. Prices fell steadily from January, with each upward attempt rejected and followed by deeper lows. Analysts noted this pattern as a classic bearish rejection cycle.

Signs of Reversal

Early this week Bitcoin broke above $69,000, posting its first higher high of the year. The RSI reclaimed its moving average and the Stochastic RSI produced a bullish cross, indicating strengthening momentum. CrypFlow highlights that this shift contrasts sharply with the failed momentum observed in January.

Potential Bull Market

The new upward move may represent the first real deviation from the previous pattern, suggesting a short‑term trend shift. If the $69,000 level, a prior cycle peak, holds as resistance, breaking it could signal the return of a bull market. Traders are watching for sustained buying pressure to confirm the reversal.