Bitcoin breaks above $69,000, momentum turns up, $86,000 next target

Bitcoin breaks its rejection pattern. A push above $69,000 prints a higher high and shows a momentum shift, says analyst CrypFlow.

From January through Q1, every rally was rejected. Price then set lower lows. The analyst flagged this persistent trend here: CrypFlow on X and in prior coverage of repeated rejections: Bitcoinist.

This week’s pump flipped the pattern. Bulls try to sustain the move. The break above $69,000 marked the first higher high of the year, hinting at a direction change: Bitcoinist.

Momentum signals improved. RSI reclaimed its moving average. Stochastic RSI printed a bullish cross early this month. The January setup failed on momentum, but now it holds: NewsBTC on momentum shift, NewsBTC on January failure.

“First real deviation from that pattern. If this holds, this could be the start of a short-term trend shift,” said CrypFlow: source.

Why $69,000 matters. It aligns with the prior cycle peak and can act as major resistance. A clean break with momentum would signal a bull-market return: Bitcoinist.

Headline
Bitcoin breaks $69k rejection pattern, prints higher high — analyst

Key asset
Bitcoin