Svmuu News: Rekt Capital analysis indicates that the BTC price has encountered resistance at the $68,000 trend line, and momentum has weakened following the break below $70,000.TradingView data shows that BTC/USD fell more than 1% on the day after briefly touching the 200-week exponential moving average (EMA) and the 2021 all-time high at $70,040 but failing to hold the level.Rekt Capital stated that the 200-week EMA has now become a resistance level. If Bitcoin remains below this level, historical data suggests the price tends to decline further. After the liquidity ladder below $69,000 was exhausted, the price lost momentum.yesterday’s rally pushed prices to the previous cycle high and the 12-hour trend line before being reversed; the trend remains clear, and caution is advised. Rekt Capital further noted that the shortest Bitcoin bear market lasted 365 days; we are currently about 140 days in, and it is not yet time to exit the bear market.Historical bear markets typically see declines of around 80%. BTC’s maximum pullback from its October 2025 high of $126,200 to its 15-month low in February was approximately 53%. (Cointelegraph)