Cryptocurrency

Bitcoin

Coin

<ul>
 <li><a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" title="Bitcoin" class="f-link">Bitcoin</a> surged to an all-time high near $73,800 but faced significant selling pressure afterward.</li>
 <li>$BTC struggled to surpass the $69,000 resistance level. Currently, Bitcoin is moving lower with a 4.50% intraday loss.</li>
 <li>The price rejection has placed #Bitcoin in a precarious position known as the 'Danger Zone', coinciding with historical Pre-Halving Retraces and an impending FED rate decision.</li>
 <li>Despite the downturn, #Bitcoin found support within a crucial region, potentially signaling an end to the downtrend.</li>
 <li>Buyers are seeking support at the 38.20% Fibonacci retracement level, which serves as a potential demand zone during correction trends.</li>
 <li>If selling pressure persists, Bitcoin's price could drop to $63,000 or even $60,000, corresponding to the 50% and 61.80% Fibonacci levels.</li>
 <li>However, if Bitcoin holds the $65,000 level, a short-term recovery might occur, potentially push</li>
 <li>According to <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 anticipated to hit $250,000, while Bitcoin Price Prediction 2040 forecasts a rise to $500,000.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $65,500-$67,000
SUPPORT LEVEL : $63,000-$61,500
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: Is BTC on the Verge of Collapse?

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