Bitcoin Tests Bear Market Trendline in Bid for New Bull Run

Bitcoin has reached the critical trendline that has held its price below since October 2025's all-time high. This trendline is a key level for investors, and breaking through it could indicate a new bull market.

The $BTC price is currently trading just below this trendline on the daily chart, having bounced off it in early May when an attempted breakout turned into a rejection. The price subsequently plummeted to its $60K bottom.

However, shorter-term momentum indicators are starting to top out, suggesting that a rejection and period of downward movement may be necessary before the price can break through this trendline.

The weekly chart shows two possible trendlines: one from October 2025's high and another from the end of the bear market rally. The current trendline is the one drawn across the top of the second bear flag, which the $BTC price has now reached.