Bitcoin has bounced back from the $70,000 zone multiple times in 2026, but 
analysts are warning that the next test of that level could end differently. A 
Line That Has Held Since 2017 The lower boundary of a rising wedge pattern — a 
trendline that first appeared as support in mid-2017 — has absorbed several 
sharp drops over the years. Bitcoin touched it during the FTX-driven crash of 
November 2022, when prices fell to $15,400, and the line held. It held again 
three times in the opening months of 2026, at $60,000 in February, then at 
$64,900 and $65,000 in March and April. Related Reading: Bitcoin’s 4-Year 
Rhythm Is Still Playing Out, Says Crypto CEO Crypto market commentator 
MichaelXBT brought renewed attention to the pattern after Bitcoin dropped 
below $74,000 for the first time in over a month. Based on his chart analysis, 
the support trendline now sits around the $70,000 mark, and a confirmed break 
below it would be historically significant. Bitcoin 10-Year Wedge Support: 
$70k If that level breaks, bears will be handsomely rewarded. It will ignite 
the largest red weekly candle Bitcoin has seen in years. History will be made. 
pic.twitter.com/0HqImRTD4s — Crypto Michael (@MichaelXBT) May 27, 2026 &#8220;If 
that level breaks, bears will be handsomely rewarded,&#8221; he said. What A Break 
Could Mean MichaelXBT says a breakdown would trigger the largest weekly red 
candle Bitcoin has seen in years. He stopped short of naming a price target or 
estimating how far a drop might extend, but his view is that the event would 
be a notable moment in the asset&#8217;s history. The wedge pattern at the center of 
his analysis is formed by two converging trendlines moving upward, with the 
lower one rising faster than the upper. When prices break below the lower 
line, the pattern is generally read as a sign that bullish momentum has run 
out. Not Everyone Sees Collapse Coming Michaël van de Poppe, a veteran crypto 
market analyst, pushed back on the more bearish readings. He described what 
markets are going through as a standard end-of-month correction, driven 
largely by asset managers rebalancing their portfolios. Related Reading: 
Unknown Wallet Destroys $8.5 Million In Bitcoin In Shocking Burn Bitcoin faced 
rejection at $77,000, he said, and the pullback that followed fits a familiar 
pattern rather than a breakdown signal. Van de Poppe acknowledged that if 
Bitcoin fails to hold his key support area, prices could slide toward the 
lower range of the $60,000s. But he was direct in saying current weakness 
alone is not enough to call a new low. Featured image from Pexels, chart from 
TradingView

Bitcoin has bounced back from the $70,000 zone multiple times in 2026, but analysts are warning that the next test of that level could end differently. A Line That Has Held Since 2017 The lower boundary of a rising wedge pattern — a trendline that first appeared as support in mid-2017 — has absorbed several &#8230;

Bitcoin Could Enter Freefall If This Level Cracks: Analyst

Solana is approaching a pivotal moment as price continues to defend a key 
multi-year support zone near the $79 level. After months of consolidation and 
repeated failed breakouts, growing signs of accumulation are now fueling 
speculation that SOL could be preparing for its next major upside attempt. 
SOL’s $79 Support Emerges As The Most Critical Level On The Weekly Chart 
Strategist Scient identifies two critical price levels that define Solana’s 
macro landscape: the 2024 low at $79 and the impulsive high at $210. This $210 
level is particularly significant, as it marks the peak of the 2021 altseason. 
Since that time, the market has attempted to reclaim this threshold on three 
separate occasions, only to be met with rejection each time. Related Reading: 
Solana Price Structure Suggests Temporary Recovery Before Next Major Decision 
The narrative of these failed breakouts reveals a challenging multi-year 
structure, with the second rejection, originating from the 2024 lows, igniting 
a year-long consolidation phase that culminated in a third failed attempt in 
September 2025. Following that final setback, selling pressure intensified, 
leading to a swift retracement to the 2024 low, where accumulation has been 
ongoing. SOL’s price action is exhibiting clear signs of accumulation while 
hovering near these historical lows, which sets the stage for a potential 
breakout attempt. Interestingly, Scient notes a poetic irony in the current 
setup: if SOL successfully establishes a bottom at the $80 level, it would 
mirror the historical support Ethereum found during its previous bear market 
cycle. The $79–$80 zone serves as the line in the sand for Solana’s structural 
integrity. As long as the price maintains this support, the bullish setup 
remains intact. However, a breach below this level could trigger a significant 
drawdown toward the mid-$20s. With the price currently trading above this 
vital support, the setup allows investors to position their bets cautiously 
within this critical consolidation range. Solana Breaks Out Of Macro Downtrend 
On The Daily Chart Complementing the weekly outlook, Scient’s secondary 
analysis of the daily chart highlights a pivotal shift in Solana’s macro 
structure. The asset has decisively broken out of its long-standing macro 
downtrend, effectively flipping the trend to the upside. This marks a second 
bullish retest of this broken trendline, yielding a clean bounce that serves 
as textbook confirmation for technical traders. Related Reading: Solana To 
$500? Why Bulls Think AI Could Change The SOL Story This bullish momentum is 
further validated by the volume profile, of which a significant portion of it 
from the previous highs has been absorbed, with current market activity 
showing a concentration at these levels. From current levels, there is little 
resistance leading up to the $120 mark, creating a clean runway for the price. 
This lack of overhead supply suggests the market is positioned to move swiftly 
through this vacuum with minimal selling pressure. When these daily 
developments are synthesized with the broader weekly context, the resulting 
setup becomes increasingly compelling. Featured image from Adobe Stock, chart 
from Tradingview.com

Solana is approaching a pivotal moment as price continues to defend a key multi-year support zone near the $79 level. After months of consolidation and repeated failed breakouts, growing signs of accumulation are now fueling speculation that SOL could be preparing for its next major upside attempt. SOL’s $79 Support Emerges As The Most Critical &#8230;

Solana Clings To Critical Multi-Year Support As Breakout Pressure Builds

Stalled US-Iran talks may heighten regional tensions and complicate global 
diplomatic efforts, impacting international security dynamics.
The post US-Iran nuclear talks stall as Iran insists on enrichment rights 
appeared first on Crypto Briefing.

Stalled US-Iran talks may heighten regional tensions and complicate global diplomatic efforts, impacting international security dynamics. The post US-Iran nuclear talks stall as Iran insists on enrichment rights appeared first on Crypto Briefing.

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The Supreme Court&#8217;s decision could redefine crypto banks&#8217; access to US 
financial systems, impacting regulatory frameworks and market dynamics.
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The Supreme Court&#8217;s decision could redefine crypto banks&#8217; access to US financial systems, impacting regulatory frameworks and market dynamics. The post Custodia Bank seeks Supreme Court review of Federal Reserve&#8217;s master account denial appeared first on Crypto Briefing.

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The new US sanctions on Iran heighten geopolitical tensions, potentially 
hindering diplomatic progress and affecting global oil markets.
The post US imposes new Iran sanctions, impacting US-Iran deal prospects 
appeared first on Crypto Briefing.

The new US sanctions on Iran heighten geopolitical tensions, potentially hindering diplomatic progress and affecting global oil markets. The post US imposes new Iran sanctions, impacting US-Iran deal prospects appeared first on Crypto Briefing.

US imposes new Iran sanctions, impacting US-Iran deal prospects

Japan&#8217;s import decline highlights global energy vulnerability, potentially 
driving up oil prices and emphasizing geopolitical risk impacts.
The post Japan crude imports plummet 66% amid Middle East supply disruptions 
appeared first on Crypto Briefing.

Japan&#8217;s import decline highlights global energy vulnerability, potentially driving up oil prices and emphasizing geopolitical risk impacts. The post Japan crude imports plummet 66% amid Middle East supply disruptions appeared first on Crypto Briefing.

Bitcoin Could Enter Freefall If This Level Cracks: Analyst

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