Bitcoin Confronts Macro Downtrend Reassessment as Historical Trend Resurfaces

Current Market Analysis: Bitcoin is testing a crucial macro resistance zone, with market analyst Rekt Capital noting similarities to previous cycle tops, indicating that the next move could determine its long-term trajectory or lead to a deeper correction.

Historical Patterns: Bitcoin has historically shown strong rallies after breaking above the Macro Descending Triangle base, with past cycles indicating that smaller rallies often precede major breakdowns, suggesting a potential +20% move could occur before a significant rejection.

Key Resistance and Support Levels: The analysis highlights three critical levels for traders: the Macro Downtrend Resistance, the Horizontal Support Zone, and the projected relief rally target, which will influence whether Bitcoin continues in a bull market or begins a larger macro reversal.

Implications of Price Movements: A rejection at the Macro Downtrend could signal a broader trend reversal, while a breakout above this resistance may lead to a retest of six-figure prices, making Bitcoin's reaction at these levels crucial for future market direction.