Bitcoin is currently sitting above a highly significant trend line, and this level will determine the next major move of the market. It has been clearly visible over the past few days that buying and selling pressure has been almost equal, but recent price movements show that sellers appear to be a bit stronger.

So far, Bitcoin is respecting this trend line, which is a positive sign. If this trend line holds, we could see a strong rebound from here, and the market could head back towards bullish territory. In this case, targets of 82,000 to 88,000 are still possible.

However, if this trend line clearly breaks, the market will weaken, and the price could move towards the 55,000 to 50,000 zone. In such a scenario, upward targets will be temporarily nullified.

The current global war conditions are also affecting the market. Bitcoin has held strong for quite some time, but now the momentum feels a bit weak, so confirmation is essential before making a final decision.

📌 Summary:

This is a decisive point.

Trend line holds = strong rebound and bullish

Trend line breaks = further decline

For now, my inclination is that the trend line will hold, and a rebound could occur from here, but the final decision will always be dictated by price movement.