• Crypto trader says bear market trend rejected Bitcoin twice. 
• Bear and bull analysts continue to debate the many possible outcomes.
• BTC prepares for bullish narrative shift.

The price of Bitcoin BTC continues to trade above the now critical support level of $76,000, giving rise to various bullish narratives within the crypto market. Presently, crypto analysts continue to debate over bullish and bearish narratives. Amidst the many intriguing observations, one crypto trader says bear market trend rejected Bitcoin twice. Thus, many think its time for a bullish narrative shift.

Crypto Trader Says Bear Market Trend Rejected Bitcoin Twice 

Over the past few days, Bitcoin has shown promising strength as the price of the pioneer crypto asset rose from $72,000 to break above the $76,000 resistance level, turning it into a critical support level. This was seen as a big win for the bulls as reclaiming this support line was a critical move. Now, if BTC can continue to hold above this level, it could flip the narrative to a greater surge in crypto prices going ahead. 

As we can see from the post above, this reputed crypto expert says that Bitcoin pushing past the $75,000 flips the entire narrative. He then uses the chart accompanying the post to mark how the classic market cycle looks from distribution, manipulation, and accumulation. For what’s next, he believes that a re-accumulation range is around $80,000 – $95,000. He says this will set the stage for the next big move. 

BTC Prepares for Bullish Narrative Shift 

According to the analyst, this next big move could propel the price of BTC to run up and hit new ATH targets between the $140,000 to $160,000 price range. Additionally, he states that this phase is also a prime chance for altcoin prices to explode. Having said that, he concludes that the key level remains to be $75,000. If it holds as support, the bullish structure remains intact, and the path to higher prices stays open. 

Also, the analyst ends his post by saying that if BTC loses the $75,000 price range and the setup weakens, the price will likely drift back towards the uncertainty price range. Another analyst adds to this bullish take. As we can see from the post above, the bear market trend has rejected Bitcoin twice, first at $94,000 and the second at $78,000. 

The same pattern may be playing out now. The post ends with the analyst talking about how the Bitcoin price chart hitting $82,000 is where the trend will break, and the $75,000 price range is where the dump will resume. Thus, the posy concludes by saying that the line has been set perfectly and until it breaks, it is clear that bears are in control.