2026-09-04 18:34:07
Here’s the Level Needed to Prevent Bears from Taking Control After Bitcoin’s Pullback
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Crypto analyst Rekt Capital stated that Bitcoin has successfully retested its long-term macro downtrend line, beginning to confirm this area as support. According to the analyst, this trend line largely coincides with Bitcoin’s peak region in April-May 2026. A resurgence above this level for BTC indicates that the recent breakout remains technically valid. Rekt Capital emphasized that the monthly close is particularly important for the continuation of the bullish outlook. According to the analyst, Bitcoin’s monthly candle needs to close above approximately $76,000. If the price falls back below the downtrend line at the end of the month, the current move could turn into a long upper wick, weakening the strength of the breakout. Conversely, maintaining the $76,000 region could strengthen the technical view that Bitcoin has turned its long-term downtrend into support. At the time of writing, the BTC price is trading at $79,509, having fallen by 1.59% in the last 24 hours. *This is not investment advice. Continue Reading: Here’s the Level Needed to Prevent Bears from Taking Control After Bitcoin’s Pullback