Cryptocurrency

Bitcoin

Resistance

<ul>
 <li>#<a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" title="Bitcoin price" class="f-link">Bitcoin price</a> encountered difficulty surpassing the $43,800 resistance level, initiating a subsequent decline.</li>
 <li>Post the Federal Reserve's decision to pause interest rates, #Bitcoin underwent a 2% dip, reflecting diminished expectations for imminent rate cuts.</li>
 <li>A detailed analysis of the 4-hour chart highlights a significant downturn below the lower boundary of an ascending flag pattern.</li>
 <li>This downward trajectory guides the price towards a stable support zone, centering around $39,000.</li>
 <li>Additionally, there's a potential interaction with the notable 0.5 level of Fibonacci retracement, suggesting a rebound possibility.</li>
 <li>The 4-hour chart signals the formation of an inverted head and shoulders pattern, hinting at a potential trend reversal.</li>
 <li>$BTC&nbsp;failure at $43,800 sparks worry, paving the way for a potential drop, eyeing $39,000 as a looming target soon.</li>
 <li>As per <a href="https://www.coingabbar.com/en/price-analysis" title="Coin Gabbar analysis" class="f-link">Coin Gabbar analysis</a>, $Bitcoin Price Prediction 2030 is $200,000, while Bitcoin #PricePrediction 2040 exceeds $500,000.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $42,700-$43,500
SUPPORT LEVEL : $41,650-$41,000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Bitcoin Price Prediction: BTC Faces Tough Resistance Battle

Coingabbar

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