Recent analysis from Rekt Capital provides insights into Bitcoin’s potential support levels amid fluctuating market conditions. The analysis emphasizes the impact of regulatory changes, particularly U.S. tariffs, on Bitcoin’s price trajectory, offering a unique perspective on future market trends. 🕵️♂️ Rekt Capital’s examination focuses on Bitcoin’s Relative Strength Index (RSI) and historical data to determine potential price reversals. According to this analysis, if Bitcoin falls below its initial low by 2.79%, the support level could plummet to around $70,000. 📉 The RSI is not solely indicative of a price bottom but rather serves as a signal for potential future price changes. However, historical data suggests that a decline in the RSI often coincides with price drops ranging from 0.32% to 8.44% below prior lows. 📈 Rekt Capital’s analysis highlights how Bitcoin’s current trajectory is influenced by its initial low, as a similar dip could trigger support levels around $70,000. 📉 Additionally, there is potential for bullish momentum if Bitcoin surpasses the $78,550 resistance level, marking a significant turning point in the market. 💪 The article explores the significance of this key level and examines how it could potentially act as a new support zone for Bitcoin. 📈 Moreover, Rekt Capital highlights a notable volume gap around the $70,000 mark on the weekly chart, suggesting an area likely to be revisited. This gap signifies a potential turning point in market dynamics. 💪 By closely analyzing these technical analysis tools, traders can enhance their risk management strategies and navigate the market more effectively. 📈 Key takeaways include: Bitcoin’s current price is 2.79% below its initial low with potential support at around $70,000. The resistance level of $78,550 needs to be overcome for an upward trend to materialize. The volume gaps around $70,000 suggest areas where the market might revisit this level to rectify inconsistencies. 📈 Rekt Capital’s insights offer valuable information about Bitcoin’s potential price fluctuations and provide a framework for traders to understand market dynamics. 🙏