Bitcoin has failed for the third time to sustain gains above a crucial trendline connecting the 2017 and 2021 highs, suggesting potential for a deeper decline. Analyst Omkar Godbole highlights that this persistent resistance underscores the trendline's significance as a battleground for bullish momentum. Recent chart patterns, including long wicks and a weakening MACD histogram, indicate bearish signals and a loss of upward momentum.