Bitcoin hits a wall – the chart just challenged the $88,000 bull case
CoinDesk·3h ago·Neutral
What Happened
Bitcoin's price hit a descending trendline established since October 2025, when the cryptocurrency peaked above $126,000. The trendline rejection occurred despite analyst predictions of a rally to $88,000, supported by bullish market flows. Bitcoin traded near $70,713. Technical analysts describe this as a textbook bear market trendline. A sustained close above the trendline on significant volume is needed to confirm bullish momentum and align price action with fundamental catalysts.
Key Entities
BitcoinCoinDeskDescending trendline$126,000 peakOctober 2025$88,000 forecastTechnical resistance