Mirror

Bitcoin

Story

<h2 id="span-data-font-font-size-style-font-size-20px-bitcoin-struggled-to-break-44k-and-fell-back-towards-43000-br-span">Bitcoin struggled to break $44k, and fell back towards $43000. </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 takes support around the $41,600 zone before initiating a new upward movement.</li>
 <li>On the 4-hour chart, BTC is trading above its 200 Moving Average.</li>
 <li>Attempts to breach $44,000 prove unsuccessful, leading to a retreat to approximately $43,000.</li>
 <li>BTC fails to cross $44,500 ahead of the Ascending Triangle Pattern.</li>
 <li>The struggle to surpass $44,500 results in the formation of a double bottom pattern, often signaling a local top.</li>
 <li>Potential challenges for BTC bulls involve surpassing resistance at $44,300 and $44,500.</li>
 <li>A 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 : $43,500-$44,000
SUPPORT LEVEL : $42,500-$42,000
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.

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