# BTC faces downward pressure
Analysis of the BTC/USDT pair
Bitcoin's price has bounced off the horizontal support level after breaking below its lows and is currently trading below both the horizontal support level and the downtrend resistance line.
As long as Bitcoin's price remains below this zone, the current movement can be considered a temporary rebound. A clear breakout and price acceptance above the trend line and supply zone would shift momentum toward upside; otherwise, rejection from this zone could lead the price back to the demand zone at $63,000.