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

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