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Bitcoin Breakout Strengthens on Re-Test of Long-Term Downtrend Line

Guavy AI Editorial Team
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BTC
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Crypto analyst Rekt Capital has been monitoring Bitcoin's (BTC) price action closely. According to their analysis, BTC has retested its long-term macro downtrend line and started confirming it as support. This trend line coincides with Bitcoin's peak region in April-May 2026.

The analyst emphasizes that maintaining the monthly close above $76,000 is crucial for the continuation of the bullish outlook. If the price falls back below the downtrend line at the end of the month, it could weaken the strength of the breakout.

At the time of writing, the BTC price is trading at $79,509, having fallen by 1.59% in the last 24 hours.

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