Bull market may have ended? Bitcoin's technical indicators reveal a bearish signal, and the price may test $76,000 again.

2026-03-01 11:22:36

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According to ChainCatcher, Bitcoin may currently be nearing the end of its bull market cycle. Market analyst Roman pointed out that this rally shows a clear downward pattern, suggesting a significant correction could follow. The current BTC price is $66,510, having already adjusted over the past week.

Technical Signals Indicate a Bearish Trend

From a technical perspective, Bitcoin has rebounded from a recent low of around $80,000. Although it has been fluctuating within an upward channel, it has failed to break through key resistance levels effectively, lacking sustained buying momentum. Roman noted that multiple technical indicators, such as the Relative Strength Index (RSI), are signaling bearishness over longer cycles, indicating a possible correction ahead.

Based on his analysis model, Bitcoin could fall to a critical support level of $76,000 or even further down to the $50,000 range. This judgment is based on historical data—Bitcoin surged 750% from the 2022 bear market bottom of $15,600. The current bull market’s gains and cycle characteristics are similar, making an extended continuation unlikely.

Market Divergence: Downward Outlook vs. Rebound Hope

However, trader Luca holds a different view. He believes Bitcoin still has a short-term rebound opportunity, with the current price remaining above the bull support zone. If it can successfully bounce near this support, the medium-term trend could regain upward momentum. This perspective sharply contrasts with Roman’s bearish outlook.

End of Bull Market or Building Up for the Next Phase?

The key market debate now is whether we have truly entered a bear cycle or if this is just a normal correction within a bull market. On one hand, technical indicators and pattern analysis support a bearish view; on the other hand, the effective defense of support levels still leaves room for a rebound. For investors, preparing for different market scenarios is now an urgent priority.

BTC3,88%

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