Bitcoin Holds Above Bull Market Support Band as Long-Term Trend Stays Intact

Bitcoin continues to trade firmly above its bull market support band, reinforcing the strength of its ongoing long-term uptrend.  According to market analyst DaanCrypto, the price has not looked back since reclaiming this key technical level, making the current cycle one of the most stable for spot holders.

Clean Trend With Shallow Corrections

Daan notes that this cycle has been the easiest to hold long-term, as Bitcoin has not suffered a drawdown larger than 30% since entering the uptrend. The weekly chart shows a consistent move higher, with the price respecting the bull market support band throughout — a band often composed of the 21-week EMA and 20-week SMA.

“The overall high timeframe trend remains very clean,” Daan writes, emphasizing the importance of staying above this band to maintain the broader bullish structure.

900+ Days Into the Uptrend

The uptrend has now lasted over 900 days, a milestone that historically suggests caution could be warranted. While momentum remains intact, Daan advises traders to enjoy the rally but to stay alert for signs of a possible shift in the high-timeframe structure.

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Key Takeaway

As long as BTC holds above its bull market support band, the macro trend remains bullish. However, with the extended age of the trend, traders are encouraged to monitor closely for weakness — particularly any break below this band, which could signal a major shift in market dynamics.

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