Bitcoin price record 90-day uptrend 'resembles bull market rally:' New analysis
SkimNews Take
Sustained upward price movement in a bear market, even without full confirmation, shifts the psychological baseline for investors, making future dips less likely to trigger panic selling and potentially accelerating recovery.
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- Bitcoin has trended upward for 90 consecutive days within its bear market, a record never seen before, according to analyst Matthew Hyland.
- Bitcoin fell below $60,000 in late February, then climbed to local highs near $83,000 three months later, marking the 90‑day uptrend.
- Matthew Hyland says the rally's break of high time‑frame resistance and holding above $77,000 are hallmarks of a bull‑market rally, not a bear‑market rally.
- Filbfilb warns that the weekly supertrend line around $90,000 must be reclaimed, with a rebound to $88,000 needed to confirm that bulls have regained control.
- Cointelegraph notes that institutions are tightening their grip on Bitcoin, AI and prediction markets, suggesting growing institutional participation as price rises.
Why it matters: Institutional investors stand to benefit if Bitcoin breaks the $88‑$90k supertrend, unlocking fresh capital and reinforcing bullish sentiment, while short‑term bears risk mounting losses as the 90‑day rally persists.
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