BTC: The 7-year uptrend line has been brokenBitcoin / TetherUSBINANCE:BTCUSDTb2001afshinBitcoin has broken its long-term uptrend line that has supported the market since 2019, signaling a potential shift in the overall market structure. This breakdown suggests that bullish momentum has weakened and sellers are gaining control. The $60,000 level is now a critical price zone. If Bitcoin continues to trade and close below $60,000, it would reinforce the bearish outlook and increase the probability of a deeper correction toward lower support levels. The former support could also act as resistance on any rebound, making it difficult for buyers to regain momentum. For the bearish scenario to be invalidated, Bitcoin needs to reclaim $60,000 with strong buying volume and hold above it. A successful recovery above this level would indicate that the breakdown was a false signal and could pave the way for another bullish leg. Until then, traders should remain cautious, monitor price action around key support and resistance levels, and wait for confirmation before anticipating a trend reversal.