Bitcoin is rewriting the rules of market cycles, extending its upward streak to a historic 90 days — a feat never before seen inside a traditional bear market. The move has ignited a fresh debate among analysts: is this the start of a new bull run, or merely an extended recovery?
Matthew Hyland, a widely followed analyst, points out that Bitcoin has maintained an unbroken uptrend since testing the $60,000 level three months ago. “The recent Bitcoin rally looks more like a bull market rally than a bear market rally,” Hyland stated, noting that no prior bear market has ever produced an 89‑day winning streak. He also highlighted BTC’s decisive break above long‑term resistance at $77,000 as a classic bull signal — a pattern that preceded major rallies on three previous occasions.
Adding to the bullish narrative, pseudonymous analyst Filbfilb believes the real confirmation will come when Bitcoin conquers the weekly supertrend resistance, currently situated between $88,000 and $90,000. “The last two bear markets ended with a weekly gain of over 20% and a break above this indicator,” he explained, implying that a move into that zone would cement the return to a full‑fledged bull phase.
On the trading front, Bitcoin briefly pierced $76,000 on the Binance USDT pair, reaching $76,005.57 — a notable milestone even though the all‑time high above $80,000 remains intact. The breakout occurred amid a confluence of supportive factors: increased institutional inflows, a weakening U.S. dollar, speculation around potential spot Bitcoin ETF approvals, and shrinking exchange reserves as investors move coins to cold storage. However, liquidity was thin, raising concerns that algorithmic trading and stop‑hunting may have exaggerated the move. The market’s next challenge lies at $80,000, with key support near $70,000 to $72,000.
