Solana

Bitcoin

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<ol> 
 <li>Bitcoin is in a downward trend as it has failed to surpass the specified resistance levels.</li> 
 <li>If the BTC price cannot close above the $66,700 resistance, the decline may continue.</li> 
 <li>Long-term investors can observe for a decline in the specified support range and look for suitable buying points.</li> 
</ol> 
<p><strong>Bitcoin is showing a downward trend due to its inability to surpass certain resistance levels, yet long-term investors may seek buying opportunities using the specified support ranges.</strong></p> 
<h2 id="b-medium-term-btc-analysis-b"><b>MEDIUM TERM BTC ANALYSIS</b></h2> 
<figure id="attachment_137855" aria-describedby="caption-attachment-137855" style="width: 100%" class="wp-caption alignnone">
 <a href="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/BTCUSDT-8H-Chart-scaled.webp?quality=70&amp;ssl=1"><img loading="lazy" decoding="async" class=" td-modal-image wp-image-137855 size-full" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/BTCUSDT-8H-Chart-scaled.webp?resize=696%2C331&amp;quality=70&amp;ssl=1" alt="8-Hour BTC/USD Price Chart" width="696" height="331" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/BTCUSDT-8H-Chart-scaled.webp?w=2560&amp;quality=70&amp;ssl=1 2560w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/BTCUSDT-8H-Chart-scaled.webp?resize=300%2C143&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/BTCUSDT-8H-Chart-scaled.webp?resize=1024%2C487&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/BTCUSDT-8H-Chart-scaled.webp?resize=768%2C365&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/BTCUSDT-8H-Chart-scaled.webp?resize=1536%2C731&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/BTCUSDT-8H-Chart-scaled.webp?resize=2048%2C975&amp;quality=70&amp;ssl=1 2048w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/BTCUSDT-8H-Chart-scaled.webp?resize=150%2C71&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/BTCUSDT-8H-Chart-scaled.webp?resize=696%2C331&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/BTCUSDT-8H-Chart-scaled.webp?resize=1068%2C508&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/BTCUSDT-8H-Chart-scaled.webp?resize=1920%2C914&amp;quality=70&amp;ssl=1 1920w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/BTCUSDT-8H-Chart-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-137855" class="wp-caption-text">
  8-Hour BTC/USD Price Chart
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<p>Looking at the 8-hour technical chart of Bitcoin, it can be seen that a decline occurred due to the failure to surpass the previous support zone turned resistance at $65,800 – $66,700.</p>
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<p>If the BTC price fails to achieve 8-hour candle closes above the $66,700 resistance, the downward movement may continue. BTC could extend its decline to the support range of $62,910 – $62,300 as long as it does not surpass the mentioned green resistance zone.</p> 
<p>Those considering taking long-term leveraged positions in Bitcoin may anticipate a decline in the $62,910 – $62,300 support range. If a decline occurs to the specified support range, swing long trades can be preferred with a stop at the $59,000 level.</p>
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Will Bitcoin Start Falling? Current BTC Analysis

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