Bitcoin has extended an upward move for 90 days after falling below $60,000, posting the longest rise within a bear-market phase in BTC price history.

Cointelegraph reported on May 22 that trader and analyst Matthew Hyland (매슈 하일랜드) assessed the recent Bitcoin rebound as historically unusual.

Hyland said Bitcoin entered a new uptrend from the last week of February. Bitcoin briefly fell below $60,000 early this month to its lowest level since late 2024, but then continued to rebound. It climbed to a local peak near $83,000 exactly three months after the February low.

He said, "This Bitcoin rally is not a bear market rally. It looks like a bull market rally." He added, "In Bitcoin history, there has never been a rally inside a bear market where the uptrend continued for 89 days." He argued that, based only on the length of the rise and the price action, it has gone beyond the range of past bear-market rebounds.

On charts, a key change was cited as breaking above $77,000 and then holding the price above that level. Hyland said that characteristic also looks closer to a bull-market rally. He put weight on the point that it did not stop at a short-term rebound and that support was confirmed after clearing a major resistance level.

Still, a cautious view also emerged that the market needs to regain higher resistance levels to fully confirm a turn to a bull trend. Independent analyst Philbphilb (필브필브) said the key is whether it can move back above the Supertrend indicator on a weekly basis. That indicator is currently formed around $90,000.

Philbphilb said, "The previous two Bitcoin bear markets ended with a weekly Supertrend breakout along with a weekly bullish candle of more than 20 percent." By the current measure, about $88,000 was presented as the boundary. That means the level must be regained on a weekly closing basis to confirm whether buyers have regained control.

Supertrend is an indicator that applies a multiple to a price's average range to gauge whether a trend is turning. The last time Bitcoin recorded a weekly close above this line was in early November 2025. As a result, the market is watching whether this 90-day rebound becomes the starting point of a long-term trend reversal, or whether it will be blocked again by resistance after a strong bounce.

The core of this analysis lies not in the size of the price gain itself but in the duration of the rise and whether resistance levels were broken. The outlet reported that while a signal has emerged that Bitcoin has departed from the typical pattern of a bear-market rebound, it remains hard to view it as a confirmed trend reversal until resistance in the $88,000 to $90,000 range is regained.