With bearish pressure mounting in Bitcoin’s market dynamics, the flagship asset is likely to experience further price decline in the upcoming days. However, several support ranges continue to act as a roadblock to recent negative moves, holding off against an extended correction.

Trendline Support To Determine Bitcoin’s Next Phase

Bitcoin’s price action hangs in the balance as crypto expert and trader Rekt Capital draws a critical trendline support as the primary defense against further losses. Rekt Capital’s analysis addresses BTC’s possible next phase in light of the heightened volatility that has befallen the market.

The expert believes that holding this trendline support might stabilize the market, allowing BTC to muster enough momentum for a rebound toward higher levels. This shows the importance of sustaining the support, otherwise, Bitcoin risks deeper correction.

Delving into price movements, Rekt Capital highlighted that BTC is having trouble sustaining the $101,000 range low as indicated by the black line in his chart. However, it continues to retest the blue diagonal line at the $99,158 level as support.

Since this blue diagonal defines a trend, further price declines into the lower $90,000s might b

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Author: Godspower Owie