Bitcoin Stuck In Bear Mode For 83 Days: Trend Pulse Confirms Structural Weakness

Bitcoin is struggling to reclaim the $90,000 level, with traders facing a market defined by hesitation rather than conviction. The price action has slipped back into indecisive territory, raising questions about whether this pullback is temporary or the start of a deeper corrective phase. According to analyst Axel Adler, the Trend Pulse macro indicator has been in Bear Mode since January 19, with the Bull phase absent for 83 consecutive days. The indicator recently shifted from Neutral to Bear, driven by a double-negative setup, with the 14-day return flipping red and the SMA30 versus SMA200 trend signal also negative. Bitcoin's quarterly return sits at -19%, confirming macro weakness, but without the kind of extreme that often signals a definitive bottom. The market has failed to regain structural strength since the last Bull Mode signal was printed on November 2, 2025, when BTC traded near $110,000. For improvement, the first trigger is the 14-day return moving back above 0, which would shift the regime from Bear to Neutral, and a full transition back into Bull Mode requires SMA30 breaking above SMA200. The current divergence between the two averages would likely demand 3-4 weeks of sustained upside rather than a short-lived bounce. Bitcoin is trading near $89,000 after failing to hold above the $90,000 psychological level, with the chart showing a lower-high structure since the early November peak, followed by a sharp selloff that reset price into a wide consolidation range. The market remains at a decision point, with Trend Pulse and quarterly returns pointing to moderate pessimism without final capitulation, and for bulls, reclaiming $90K and then holding above $92K-$94K is key to avoiding a deeper pullback toward the mid-$80K region.