Bitcoin

<h2 id="span-data-font-font-size-style-font-size-20px-bitcoin-correcting-from-43-5k-potential-downside-below-41-65k-br-span">Bitcoin correcting from $43.5k; potential downside below $41.65k. </h2>
<ul>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" class="f-link">Coingabbar Technical Analysis</a>, On Tuesday, December 19, Bitcoin faced resistance once again at the $45,000 level, reaching a peak of $43,450 during the daily timeframe.</li>
 <li>Despite attempting to break above the $43,500 resistance, <a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" class="f-link">BTC</a> experienced a correction, testing the support zone around $41,800.</li>
 <li>Following a notable growth phase, the price entered a consolidation phase, forming a bullish continuation pattern known as a pennant.</li>
 <li>This consolidation suggests that the ongoing sideways trend will persist as long as the triangle pattern remains intact.</li>
 <li>As of now, Bitcoin is trading above $42,000 and the 100-hourly Simple Moving Average.</li>
 <li>The crucial question remains: where will the breakout occur in this pattern?</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $43,450-$44,000
SUPPORT LEVEL : $42,350-$41,800
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

BITCOIN Short-Term Fate Hangs in the Balance After Price Rejection

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