Correction signals for Bitcoin (BTC) 
$82,774 are increasing. Crypto strategist Rekt Capital highlights that Bitcoin could enter a long-term correction period. According to the strategist, BTC’s price movements carry significant signals for market participants.
Support Levels Have Been Broken
Rekt Capital indicates that Bitcoin has broken two important support levels on the weekly chart. This situation suggests the end of the short-term upward trend. The analyst stated, “Weekly support has been lost. The five-week technical upward trend has ended.”
During this process, Bitcoin is undergoing significant technical changes, and losses in its price may occur.
New Resistance Levels Are Forming
Bitcoin may enter a new correction process this week. Rekt Capital emphasizes that BTC’s former support levels will now turn into resistance points. This indicates a change in market direction, a signal that market participants should monitor closely.
The analyst predicts that Bitcoin could decline to the $90,000 level. However, if the $94,250 level is lost on the daily chart, Bitcoin’s price could drop even further. Rekt Capital explained, “Former supports now act as new resistances. Therefore, the confirmation of the decline has technically occurred.”
Currently, Bitcoin is trading around the $92,587 level. These developments mark a critical turning point for Bitcoin market participants. It is recommended that they carefully track BTC’s price movements.
