Bitcoin Rejection Sparks Caution: Is The Rally Losing Steam?

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NewsBTC • April 30, 2026 at 19:20 • Analysis
Bitcoin’s recent rejection near key resistance has raised fresh concerns about the strength of its ongoing rally. After a steady climb, signs of selling pressure are beginning to emerge, hinting that bullish momentum may be weakening. With price now hovering around critical support zones, the next move could determine whether the uptrend regains traction or starts to lose steam.  2–618 Pattern Triggers: BTC Rejected At $78,000 In a market update, analyst Kamile Uray revealed that the long-anticipated 2-618 pattern for Bitcoin has officially activated. After the price approached the $78,037 mark, significant selling pressure stalled the upward momentum. This reaction at the local peak confirms that the market is currently responding to technical overhead, initiating a...

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