Bitcoin (BTC) has shown a steady upward trend over the last 90 days, with analysts describing it as a true "bull market rally." Renowned trader and analyst Matthew Hyland noted in a post on the X social network that Bitcoin's recovery from macro-lows differs fundamentally from other historical instances. This is reported by Cointelegraph.com reports .
According to Hyland, the BTC/USD pair entered a new uptrend starting from the last week of February. At the beginning of the month, prices briefly dipped below the 60,000 USD level, marking the lowest point since the end of 2024. According to TradingView data, exactly three months after the February low, Bitcoin reached local peaks around 83,000 USD.
"There has never been a rally in Bitcoin's history where a continuous upward trend was observed for 89 days during a bear market," the expert added. The chart he provided shows that once the price rose above the 77,000 USD level and consolidated there, key resistance zones were cleared.
Hyland repeatedly emphasizes that all these characteristics are typical of a bull market rally rather than a bear market. Meanwhile, independent analyst Filbfilb noted that even higher resistance levels need to be reclaimed to confirm that the bulls have taken full control.
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