Bitcoin

Resistance

Coin

<ul class="news-points">
 <li>Bitcoin approaches the key supply zone with 273,000 BTC held between $70,180-$70,600.</li>
 <li>Bitcoin’s RSI indicates a neutral market; with potential for price stabilization or rally.</li>
 <li>Support at $69,000 holds strong, suggesting a possible continued upward trend.</li>
</ul>
Bitcoin’s (BTC) price has experienced a slight downturn in the past 24 hours, failing to surpass the $71,426 resistance level.&nbsp;
Despite this, the cryptocurrency faces minimal resistance as it approaches a significant supply zone between $70,180 and $70,600, where over 450,000 addresses have purchased approximately 273,000 BTC. <img decoding="async" src="https://lh7-us.googleusercontent.com/fRQdF91kZxq6iq-RKLZioi2SS_0mBu6q-vOQYfnBH6Q8ZFqRrcU-nWuo9fuEsElWfC-HvRDCcP4QIB--ThWM-j4uTZO9L8OEgE5WDLtRGDDWeqaddN-Uhpw5fTiBNNPjcZEcdd_Ma8Z5aSdxF61-Ohk" width="602" height="209">
BTC chart (source: <a href="https://x.com/ali_charts/status/1793200869955010597" target="_blank" rel="noopener noreferrer nofollow">X</a>)
The robust support levels established below this zone reinforce the potential for bullish momentum to prevail, even amidst market fluctuations.
<h2 class="wp-block-heading" id="h-bitcoin-price-consolidations-nbsp">Bitcoin Price Consolidations&nbsp;</h2>
The recent market behavior shows <a href="https://coinedition.com/bitcoin-pizza-day-a-700-million-reminder-of-cryptocurrencys-rise/" rel="noopener noreferrer nofollow">Bitcoin’s price</a> consolidating near critical resistance levels, with the $70,180 to $70,600 range being the pivotal zone for future price actions.&nbsp;
According to the 1-hour price chart, this consolidation phase could either lead to a breakout above the resistance or a temporary pullback if the resistance holds strong. The repeated tests of this ra…
The post <a href="https://coinedition.com/bitcoin-btc-price-consolidation-hints-at-breakout-will-72k-resistance-hold/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Price Consolidation Hints at Breakout: Will $72K Resistance Hold?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin (BTC) Price Consolidation Hints at Breakout: Will $72K Resistance Hold?

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