Crypto analyst Rekt Capital has highlighted a critical technical juncture for Bitcoin, stating that the leading cryptocurrency has successfully retested its long-term macro downtrend line and is beginning to confirm this area as new support.
According to the analyst, this trend line roughly coincides with the price region where Bitcoin recorded major highs in April–May 2026. A resurgence back above that level indicates the recent breakout remains technically valid for now, but confirmation is still needed.
The most important test is the monthly close. Rekt Capital emphasized that Bitcoin’s monthly candle needs to close above approximately $76,000 to preserve the bullish outlook. If the price falls back below the downtrend line before the end of the month, the current move could turn into a long upper wick, which would weaken the breakout and give bears more room. Conversely, holding the $76,000 region would reinforce the view that Bitcoin has turned its long-term downtrend into support.
At the time of writing, BTC is trading near $79,509, down about 1.59% over the last 24 hours. The pullback follows a sharp rally, and analysts suggest a cooling phase is normal. However, the reaction at the trend line and the monthly close are expected to determine near-term direction.
