Bitcoin

Resistance

<a href="https://optimisus.com/news/crypto-news/2b-in-dormant-bitcoin-moves-sparking-debates-among-members-of-the-crypto-world/">Bitcoin (BTC)</a> is currently experiencing difficulty as it faces resistance near $43,250. Despite initiating a consolidation period after reaching $41,500, BTC's attempts to regain momentum face roadblocks at $43,250 and $43,500 levels.   
The crypto is at a critical juncture, with potential losses looming if it fails to maintain a position above $43,500.   
Following a consolidation phase of around $41,500, Bitcoin experienced a modest recovery. However, bears operating near the $43,250 and $43,500 levels resisted the ascent. The latest downward movement began after reaching a swing high of $43,568.   
The breakdown below $43,000 marked a significant shift in price action. Furthermore, a critical rising channel with support near $42,880 was breached, adding to the bearish sentiment. Bitcoin's struggle to stay above these key levels raises concerns about potential further declines.   
Bitcoin is currently trading below the $43,250 resistance and the 100-hourly Simple Moving Average (SMA). The breach of these levels suggests a difficult environment for the bulls. However, there is an ongoing effort to start a recovery wave, with <a href="https://optimisus.com/news/crypto-news/bitcoins-price-fell-nearly-10-to-41700-and-the-crypto-space-saw-over-150-million-in-liquidations/">BTC</a> aiming to surpass $42,500.   
The cryptocurrency market remains on edge, with Bitcoin facing the risk of extended downside movements if it fails to maintain a position above $43,500. 
The post <a href="https://optimisus.com/news/crypto-news/bitcoin-faces-resistance-at-43250-struggling-to-sustain-recovery/">Bitcoin Faces Resistance at $43,250, Struggling to Sustain Recovery</a> appeared first on <a href="https://optimisus.com">Optimisus</a>.

Bitcoin Faces Resistance at $43,250, Struggling to Sustain Recovery

Optimisus

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