bullish

Bitcoin

Resistance

would

Cap Finance

<div><p>&nbsp;Bitcoin is once again testing a support zone that has defined past market cycles, while the broader crypto market fights to avoid a deeper breakdown. Analysts say the next few weeks could determine whether this pullback turns into a recovery or extends the higher-time-frame downtrend.</p><h3 id="bitcoin-holds-macro-support-as-analyst-eyes-next-channel-move">Bitcoin Holds Macro Support as Analyst Eyes Next Channel Move</h3><p>Bitcoin may be setting up for another major move within its long-term parallel channel, according to analyst Bobby A.</p><p>The chart shows BTC testing macro support near its 200-week moving average, a level that has acted as support in four of its five major tests. Bobby A noted that the broader channel has also guided Bitcoin’s high-time-frame support and resistance for nearly a decade.</p><p>BTC Macro Channel and 200WMA Support. Source: <a href="https://x.com/Bobby_1111888/status/2065285691186004423" rel="noopener noreferrer nofollow"><span>Bobby A (@Bobby_1111888)</span></a></p><p>The analyst also pointed to the channel’s median line, which has repeatedly shaped Bitcoin’s major cycle moves. After several median-line touches and a return toward macro support, the question is whether BTC is preparing for another move back toward the top of the channel.</p><p>However, the setup remains conditional. Bitcoin still needs to defend macro support and show stronger upside confirmation before the bullish case becomes clearer.</p><h3 id="total-crypto-market-cap-tests-crucial-support-as-bulls-fight-to-hold-the-trend">Total Crypto Market Cap Tests Crucial Support as Bulls Fight to Hold the Trend</h3><p>The total crypto market cap has reclaimed some ground after sweeping its February lows, but the broader downtrend remains intact on higher time frames.</p><p>According to Daan Crypto Trades, the current support zone near $2.05 trillion is a key area to watch, as it aligns with Bitcoin trading around the $60,000 level. If bulls manage to defend this region, the market could begin forming a larger consolidation range between major support and resistance levels rather than continuing its decline.</p><p>TOTAL Crypto Market Cap Support and Resistance Levels. Source: <a href="https://x.com/DaanCrypto/status/2065162654084374583" rel="noopener noreferrer nofollow"><span>Daan Crypto Trades</span></a></p><p>However, the trend has not shifted yet. A sustained hold above support could stabilize sentiment and encourage range-bound trading, while a break below this level would strengthen the bearish outlook and signal further downside risk.</p></div>

Bitcoin Price Prediction: BTC Bulls Battle To Stop A Deeper Breakdown

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