📉📈 Bitcoin Tests a Key Support — Is the Rebound Still Intact?
After the recent market rebound, Bitcoin is now pulling back to retest an important trendline, making this a critical moment for short-term market direction.
The 87.2k–86.8k zone is acting as a key support area. If price can hold above this range and stabilize, it would suggest that the recent rebound remains valid, with room for momentum to recover toward the 89k–90k area.
However, if this support fails and Bitcoin breaks below 86.8k, it could signal that the rebound is losing strength. In that case, the market may look toward lower support zones around 85.5k–84.5k, pointing to a deeper correction rather than a clean continuation.
With holiday liquidity still thinner than usual, reactions around these levels could be sharper and more emotional. For now, this move looks less like a trend reversal and more like a test of market confidence following the recent bounce.
💬 How do you see this BTC retest playing out?
Is this a healthy pullback before another push up — or a warning that the rebound is fading? Share your thoughts below 👇
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#CryptoMarketMildlyRebounds
📉📈 Bitcoin Tests a Key Support — Is the Rebound Still Intact?
After the recent market rebound, Bitcoin is now pulling back to retest an important trendline, making this a critical moment for short-term market direction.
The 87.2k–86.8k zone is acting as a key support area. If price can hold above this range and stabilize, it would suggest that the recent rebound remains valid, with room for momentum to recover toward the 89k–90k area.
However, if this support fails and Bitcoin breaks below 86.8k, it could signal that the rebound is losing strength. In that case, the market may look toward lower support zones around 85.5k–84.5k, pointing to a deeper correction rather than a clean continuation.
With holiday liquidity still thinner than usual, reactions around these levels could be sharper and more emotional. For now, this move looks less like a trend reversal and more like a test of market confidence following the recent bounce.
💬 How do you see this BTC retest playing out?
Is this a healthy pullback before another push up — or a warning that the rebound is fading?
Share your thoughts below 👇
$BTC