Rally

Bitcoin

<h2 id="span-data-font-font-size-style-font-size-20px-double-bottom-in-btc-suggests-impending-correction-br-span">Double bottom in BTC suggests impending correction. </h2>
<ul>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar Technical Analysis</a>, Bitcoin's price extended its decline below the $43,000 zone.</li>
 <li>The price is currently trading below both $43,000 and the 50-hourly Simple Moving Average, indicating bearish sentiment.</li>
 <li>On the 4-hour chart, two short-term resistance levels have formed at $45,000 and $43,000. Bitcoin is currently trading below both of these resistance marks.</li>
 <li>The struggle to surpass $44,500 has resulted in the formation of a double bottom pattern, a potential signal often observed at the local top in a rally.</li>
 <li>The breakdown below the neckline support at $40,280 could trigger a correction phase, suggesting further potential downside for BTC.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $42,900-$43,400
SUPPORT LEVEL : $42,000-$41,600
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.

Lower Levels, Higher Hopes: BITCOIN Bulls Prepare for a Rally

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