Strong

Bitcoin

Reversal

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<ul> 
 <li><strong>Support Zone:</strong> $43,730 is identified as the nearest support, with a potential downward move if 1-hour candle closes fall below $43,700.</li> 
 <li><strong>Reversal Scenario:</strong> Strong buying reactions at $43,337 – $43,100 may prompt an upward movement, targeting $45,000 – $45,300.</li> 
 <li><strong>Investor Caution:</strong> Investors should await weekly candle closes above $46,000 in the medium term to mitigate vulnerability during potential downward movements. Caution advised in spot investments.</li> 
</ul> 
<p><strong>Bitcoin is currently facing resistance at $44,200 – $46,000, with potential downside risks if this range is breached. Investors are urged to exercise caution and await weekly closes above $46,000 for more stability, especially in spot investments.</strong></p> 
<h2 id="strong-medium-term-btc-price-analysis-strong"><strong>MEDIUM TERM BTC PRICE ANALYSIS</strong></h2> 
<figure id="attachment_132475" aria-describedby="caption-attachment-132475" style="width: 100%" class="wp-caption alignnone">
 <a href="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/btc-usdt-4d-1-scaled.webp?quality=70&amp;ssl=1"><img loading="lazy" decoding="async" class=" td-modal-image wp-image-132475 size-full" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/btc-usdt-4d-1-scaled.webp?resize=696%2C337&amp;quality=70&amp;ssl=1" alt="4-Day BTC/USD Price Chart" width="696" height="337" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/btc-usdt-4d-1-scaled.webp?w=2560&amp;quality=70&amp;ssl=1 2560w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/btc-usdt-4d-1-scaled.webp?resize=300%2C145&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/btc-usdt-4d-1-scaled.webp?resize=1024%2C495&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/btc-usdt-4d-1-scaled.webp?resize=768%2C372&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/btc-usdt-4d-1-scaled.webp?resize=1536%2C743&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/btc-usdt-4d-1-scaled.webp?resize=2048%2C991&amp;quality=70&amp;ssl=1 2048w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/btc-usdt-4d-1-scaled.webp?resize=150%2C73&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/btc-usdt-4d-1-scaled.webp?resize=696%2C337&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/btc-usdt-4d-1-scaled.webp?resize=1068%2C517&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/btc-usdt-4d-1-scaled.webp?resize=1920%2C929&amp;quality=70&amp;ssl=1 1920w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/btc-usdt-4d-1-scaled.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></a>
 <figcaption id="caption-attachment-132475" class="wp-caption-text">
  4-Day BTC/USD Price Chart
 </figcaption>
</figure> 
<p>When examining the medium-term technical chart of Bitcoin, it is evident that the price is continuing its movements within the crucial resistance range of $44,200 – $46,000. Today, BTC witnessed a decline of more than 0.59%, reaching as low as $43,730. As of now, Bitcoin is trading at $43,877.</p> 
<p>In the event of substantial selling pressure causing Bitcoin to break below the $44,200 – $46,000 region, it may initiate a downward movement towards a significant support at $40,955. If Bitcoin closes daily candles below <strong>$40,950</strong>, it might extend the descent to around $37,586, signaling a more robust commitment to the upward trend.</p> 
<p>Hence, Bitcoin investors should patiently await weekly candle closes above the critical resistance level of <strong>$46,000</strong> in the medium term. Failing to do so could result in considerable vulnerability during a potential downward movement. Therefore, investors should exercise caution in their spot investments.</p> 
<h2 id="strong-short-term-btc-price-analysis-strong"><strong>SHORT TERM BTC PRICE ANALYSIS</strong></h2> 
<figure id="attachment_132476" aria-describedby="caption-attachment-132476" style="width: 100%" class="wp-caption alignnone">
 <a href="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/btc-usdt-30m-1-scaled.webp?quality=70&amp;ssl=1"><img loading="lazy" decoding="async" class=" td-modal-image wp-image-132476 size-full" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/btc-usdt-30m-1-scaled.webp?resize=696%2C337&amp;quality=70&amp;ssl=1" alt="30-Mute BTC/USD Price Chart" width="696" height="337" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/btc-usdt-30m-1-scaled.webp?w=2560&amp;quality=70&amp;ssl=1 2560w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/btc-usdt-30m-1-scaled.webp?resize=300%2C145&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/btc-usdt-30m-1-scaled.webp?resize=1024%2C495&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/btc-usdt-30m-1-scaled.webp?resize=768%2C372&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/btc-usdt-30m-1-scaled.webp?resize=1536%2C743&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/btc-usdt-30m-1-scaled.webp?resize=2048%2C991&amp;quality=70&amp;ssl=1 2048w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/btc-usdt-30m-1-scaled.webp?resize=150%2C73&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/btc-usdt-30m-1-scaled.webp?resize=696%2C337&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/btc-usdt-30m-1-scaled.webp?resize=1068%2C517&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/btc-usdt-30m-1-scaled.webp?resize=1920%2C929&amp;quality=70&amp;ssl=1 1920w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/btc-usdt-30m-1-scaled.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></a>
 <figcaption id="caption-attachment-132476" class="wp-caption-text">
  30-Mute BTC/USD Price Chart
 </figcaption>
</figure> 
<p>When analyzing the short-term technical chart of Bitcoin, it is evident that the closest support zone is at the $43,730 level. If the BTC price closes below <strong>$43,700</strong> for 1-hour candles, it may intend to initiate a downward movement to the support range of $43,337 – $43,100.</p> 
<p>In the event of robust buying reactions from the specified short-term support at $43,337 – $43,100, Bitcoin may commence an upward movement from this zone, targeting the range of <strong>$45,000 – $45,300</strong>. However, investors should be cautious in their long positions unless there are 4-hour candle closes above $45,500.</p> 
<p>If BTC experiences a downward movement to the range of $42,400 – $42,130, long positions may be considered from this zone, with the stop zone set at <strong>$41,100</strong>.</p> 
<p>The post <a rel="nofollow" href="https://en.coinotag.com/can-bitcoin-start-a-downtrend-from-its-critical-resistance-current-btc-analysis/">Can Bitcoin Start a Downtrend from its Critical Resistance? Current BTC Analysis</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p> 
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Can Bitcoin Start a Downtrend from its Critical Resistance? Current BTC Analysis

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