<ul><li>Bitcoin is facing a crucial test as it struggles to break above key resistance levels while holding just above critical support.</li><li>Despite brief rallies, Bitcoin has once again failed to break above descending resistance, according to crypto analyst Carl Runefelt.</li><li>Bitcoin is now down 25% from its January all-time high, and bulls are struggling to regain control.</li><li>For now, the market remains on edge. Bitcoin’s ability to hold above $81K and attempt a move past $86K will be critical in determining whether a recovery is possible — or if the next leg down is about to begin.</li></ul>

Bitcoin Rejected At Descending Resistance Again – Is $78,600 Still In Play?

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