#BTC Bitcoin has officially Monthly Closed beneath the Macro Downtrend for August However, given that this Macro Trendline is a dynamic resistance, by virtue of the passing of time price has moved beyond the Downtrend More, price has Monthly Closed above the April/May 2026 candle-bodied highs, which are now perfectly confluent with the Macro Downtrend Bitcoin now has a chance to post-breakout retest both the Macro Downtrend and these April/May Monthly highs in an effort to turn them into new support bitcoin:native #Bitcoin
Rekt CapitalShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.