Critical PointBitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.PBabiskiBitcoin is currently attempting a correction after touching its major 2-year support line, while also trading at its closest level to the 6-year support line. This gives hope that the market could rebound quickly toward the $125,000 high. However, if the support fails to hold properly, Bitcoin could easily decline toward the $49,000 level.