Bitcoin rejected the descending resistance again: Are $ 78,600 still at stake?

bitcoin faces a crucial test, since it struggles to break over the key resistance levels while keeping just above critical support. The market remains stuck in a narrow range, reflecting the growing indecision among merchants and investors. Uncertainty has become the new normality, with macro conditions and political developments that continue with the feeling of clouds.

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The president of the United States, Donald Trump, has added greater volatility to the mixture, disturbing financial markets with unpredictable policies and recently taxed tariffs. Its erratic behavior has only intensified fragile mood, pushing risk assets such as bitcoin to a deeper consolidation.

Despite the brief manifestations, bitcoin has failed once again to break the descending resistance, according to cryptographic analyst Carl Runefelt. This rejection, combined with the decrease in negotiation volume, is a sign that buyers can be losing strength. Runefelt warns that if the volume continues to dry and btc remains stuck below the key levels, the bearish objective of $ 78,600 remains a great possibility.

While the bulls are defending the support areas for now, the lack of impulse is raising the red flags. Unless bitcoin can recover a higher land soon, the chances of a deeper correction will continue to grow, which makes the next crucial days to determine the next market direction.

bitcoin dropped 25% of Ath when Bears squeeze the grip

bitcoin has now dropped 25% since its maximum of January of all time, and bulls are struggling to recover control. After repeated attempts to reverse the trend, btc continues to remain above the level of $ 81,000, a key support area, but has not been able to recover the $ 86,000 mark, which is necessary to confirm any serious recovery. The inability to push higher has weakened market confidence, and bulls are now in a difficult position.

Macroeconomic uncertainty and fears around the growing commercial wars, especially under the unpredictable policies of US President Donald Trump, have been added to market volatility. These factors continue to favor bears, and pressure on high -risk assets such as bitcoin remains intense. With broader financial markets under stress, the upward feeling in the cryptographic space is fading rapidly.

Panic is starting to settle for some investors, since the sale pressure does not show signs of deceleration. However, there is still a splinter of optimism among market observers who believe that a rebound could follow once the key levels of resistance are recovered.

<a target="_blank" href="https://x.com/TheMoonCarl/status/1907649611524608073″ target=”_blank” rel=”nofollow”>Runefelt recently shared ideas pointing to the btc failure to break the descending resistance: an bearish sign. He also pointed out that the negotiation volume continues to decrease, a sign that the market share is thinning. This lack of volume often precedes large movements, and in this case, the bearish objective of $ 78,600 remains firmly on the table if the bulls cannot recover the impulse.

For now, the market remains nervous. bitcoin's capacity to stay above $ 81K and try a movement beyond $ 86K will be critical to determine if a recovery is possible, or if the next section is about to begin.

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