{"id":10156,"date":"2025-01-28T20:01:35","date_gmt":"2025-01-28T20:01:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10156"},"modified":"2025-01-28T20:01:35","modified_gmt":"2025-01-28T20:01:35","slug":"will-the-bitcoin-downward-trend-continues-key-trendline-support-in-focus","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10156","title":{"rendered":"Will The Bitcoin Downward Trend Continues? Key Trendline Support In Focus"},"content":{"rendered":"
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With bearish pressure<\/a> mounting in Bitcoin\u2019s market dynamics, the flagship asset<\/a> is likely to experience further price decline in the upcoming days. However, several support ranges continue to act as a roadblock to recent negative moves, holding off against an extended correction.<\/p>\n

Trendline Support To Determine Bitcoin\u2019s Next Phase<\/h2>\n

Bitcoin\u2019s price action hangs in the balance as crypto expert and trader Rekt Capital draws a critical trendline support as the primary defense against further losses. Rekt Capital\u2019s analysis<\/a> addresses BTC\u2019s possible next phase in light of the heightened volatility that has befallen the market.<\/p>\n

The expert believes that holding this trendline support<\/a> might stabilize the market, allowing BTC to muster enough momentum for a rebound toward higher levels. This shows the importance of sustaining the support, otherwise, Bitcoin risks deeper correction.<\/p>\n

Delving into price movements, Rekt Capital highlighted that BTC<\/a> is having trouble sustaining the $101,000 range low as indicated by the black line in his chart. However, it continues to retest the blue diagonal line at the $99,158 level as support.<\/p>\n

\"Bitcoin\"<\/p>\n

Since this blue diagonal defines a trend, further price declines into the lower $90,000s might be prevented as long as it remains a support point. A break below the support is likely to alter market dynamics as speculations about a bear season in sight<\/a> emerge within the community.<\/p>\n

Even though Bitcoin has recently faced a significant negative move following a general market crash, the asset continues to dominate the entire crypto sector. Rekt Capital outlined<\/a> that BTC\u2019s dominance is steadily climbing, even as its price fluctuates.<\/p>\n

A rise in BTC\u2019s sovereignty<\/a> implies that investors are persistently choosing it as a safer asset in light of volatile periods. As a result, the analyst declares that Bitcoin season is still intact until further notice, with traders seeking stability in BTC during unfavorable times.<\/p>\n

While BTC continues to dominate the market, the tide will eventually turn in favor of altcoins in the foreseeable future, causing a potential start of the much-anticipated altcoin season<\/a>. In the meantime, Rekt Capital urges investors and traders to be patient, indicating his confidence in an impending altcoin season.<\/p>\n

Massive Funds Flowing Into BTC To Bolster Price Spike<\/h2>\n

Despite waning price performances, investors are showing substantial interest in BTC as evidenced by massive funds flows in the historical Spot Bitcoin Exchange-Traded Funds (ETFs)<\/a>. Network economist and author Timothy Peterson reported<\/a> that capital inflows have surpassed $40 billion, marking its highest level ever.<\/p>\n

Data reveals that the monthly amount invested in Bitcoin spot ETFs has risen to about $5 billion since October. Specifically, the exchange product net fund flows resumed its growth after a 1 month in stasis.<\/p>\n

Thus the economist is confident that a persistent rise in capital inflow<\/a> would trigger a monthly price increase for BTC between $10,000 to $15,000. This growth suggests heightened adoption and demand for exposure to BTC through financial products.<\/p>\n

\"Bitcoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

With bearish pressure mounting in Bitcoin\u2019s market dynamics, the flagship asset is likely to experience further price decline in the upcoming days. However, several support ranges continue to act as a roadblock to recent negative moves, holding off against an extended correction. Trendline Support To Determine Bitcoin\u2019s Next Phase Bitcoin\u2019s price action hangs in the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10156","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10156"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10156\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}