en.bitcoinsistemi.com
04 September 2026 18:50, UTC
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.
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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.
