Bitcoin has rebounded approximately 20% from the base of its Macro Descending Triangle, a key technical support zone. This recovery has sparked interest among market participants, although the broader macro downtrend continues to limit Bitcoin's price action. Analysts, including Rekt Capital, suggest that this move resembles a macro relief rally typical of early-stage bear markets.
Despite the recent gains, Bitcoin's price remains capped below the Macro Downtrend line, which serves as a significant resistance level. Analysts caution that repeated smaller rebounds could weaken structural support, potentially confirming a broader bear market phase if the triangle base fails. A decisive break above the Macro Downtrend would be needed to shift the outlook to a bullish bias. Traders are closely monitoring whether Bitcoin can sustain its momentum or if resistance will prevail in the coming weeks.
Bitcoin Rebounds 20% Amid Macro Downtrend Challenges
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