Analyst: Bitcoin Successfully Retested Long-Term Downtrend Line, Monthly Candle Needs to Stay Above $76,000

BlockBeats News, September 4th, Cryptocurrency analyst Rekt Capital noted that Bitcoin has successfully retested the macro downtrend line as support. This trend line aligns closely with the high points of April and May 2026, and the current price level indicates a preliminary successful retest.

Rekt Capital also stated that, in order to avoid a bearish turn, BTC must prevent a monthly close below the descending trendline (around $761.87 million). Failure to do so could result in a wick formation, weakening the breakout potential.