Bitcoin Just Deviated From The Bearish Trend That Began In January And $86,000 Could Be Next

Bitcoin has been experiencing a bearish trend since 2025, which has continued into 2026, with the price declining throughout the first quarter of the year. This trend has been characterized by the cryptocurrency encountering rejection with each push upward, followed by a downward move. However, according to crypto analyst CrypFlow, this trend may be nearing its end, with a recent deviation that could be important for the cryptocurrency to enter the next bull market. The analyst notes that the Bitcoin price has started to move in a different direction, with bulls looking to sustain the uptrend. The initial move above $69,000 saw the Bitcoin price print a higher high for the first time, suggesting a change in direction. This move has also been accompanied by a change in momentum, which suggests strength on the part of bulls. The Bitcoin RSI is now reclaiming its moving average, which was lost earlier in the year, and the Stochastic RSI printed a bullish cross at the start of the month. This is a major difference from January, when the momentum failed, and it is assumed that the price will move higher now that the momentum is holding up. The move above $69,000 is important because it is the previous cycle peak, and breaking this level with adequate momentum could signal a return of the bull market. If this trend shift holds, it could be the start of a short-term trend shift, and potentially a change in the narrative for the Bitcoin price.