[Analyst: Bitcoin Has Reached the Long-Term Downtrend Line and 21-Month EMA, Holding Current Resistance Line Needed to Confirm Uptrend] BlockBeats News, August 21, crypto analyst Rekt Capital released a technical chart analysis of Bitcoin, pointing out that Bitcoin is facing resistance from a macro downtrend line, which aligns with the 21-month EMA. Rekt Capital believes that if Bitcoin is rejected at this confluence resistance zone, it may find support at the 50-month EMA (purple). Overall, Bitcoin needs to turn these two macro EMAs into new support levels and break through the macro downtrend line to confirm a new bull market. Rekt Capital is a seasoned crypto technical analyst with 560,000 followers on the X platform. [Original Link]