Bitcoin

Edge

<h2 id="span-data-font-font-size-style-font-size-20px-bitcoin-struggles-at-43-00o-resistance-eyes-40-000-support-br-span">Bitcoin struggles at $43,00o resistance, eyes $40,000 support. </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 is currently experiencing a sideways trend, facing difficulty surpassing the $44,700 barrier.</li>
 <li>The market's indecision is evident in a consolidation phase, forming a symmetrical triangle pattern on the four-hour chart.</li>
 <li>Despite the symmetrical triangle, <a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" class="f-link" rel="noopener noreferrer nofollow">Bitcoin</a> has broken the pattern in a downward direction, signaling a potential downtrend.</li>
 <li>In the event that bears successfully breach the $40,000 level, it could trigger panic selling, leading to a potential test of the $35,000 level.</li>
 <li>On the flip side, if bulls manage to hold the line, Bitcoin's price may find support at $43,500 and $45,000 levels.</li>
 <li>The $40,000 level serves as a critical point, with a breach indicating a bearish trend and a hold suggesting potential upward movement.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $41,600-$42,000
SUPPORT LEVEL : $40,800-$40,200
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.

BITCOIN Alert: Bulls Beware as BTC Teeters on the Edge of Key Support

Tabla de contenidos

Coingabbar

Otros artículos publicados el 18 dic 2023

10 Beloved Video Game Characters Who Disappeared from Gaming

FTX Plans to Repay Billions, Exiting Bankruptcy

Chainlink Price Lost Bullish Momentum; Will LINK Bounce Back?

Massive NFT Heist: NFT Trader Platform Hacked, Millions Worth of NFTs Stolen

Analysis of Bitcoin’s Performance and Future Prospects

Veloce Media Group Announces Game-Changing Partnership with Racino, Pioneering Virtual Motorsport...

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!