This indicator suggests we’re out of the Bitcoin bull market

Bitcoin's 200-day trend has turned bearish, which could suggest the bull market is over, but some analysts don’t think we’re there yet.

A long-term technical trend indicator for Bitcoin has turned bearish, leading at least one analyst to believe that the bull market may be over.

“From a technical standpoint, the bull market is over,” crypto analyst 'Crypto₿irb' told his 700,000 X followers on Thursday. 

Bitcoin (BTC) exhibits a “persistent trend shift, confirmed by price percentage traveled, volume spikes, above-average volatility, time spent below the 200-day trend, and worsened breadth,” he said as he predicted 2026 to be a year of declines.

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