Rally

Cryptocurrency

Bitcoin

April

Coin

<ul>
 <li>#<a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" title="Bitcoin" class="f-link">Bitcoin</a> bears successfully executed their trade, causing the price to again fail to surpass the key resistance at $72,000.</li>
 <li>After diverging following the April fallout, BTC began its recovery within an ascending parallel channel.</li>
 <li>The daily chart indicates the price has broken down the rising channel but suggests a possible bullish reversal.</li>
 <li>Despite this, the descending trend might continue as bears attempt to drag levels below the local support at $65,000.</li>
 <li>According to <a href="https://www.coingabbar.com/en/price-prediction" title="Coin Gabbar analysis" class="f-link">Coin Gabbar analysis</a>, If Bitcoin stays above $65,000 and re-enters the channel pattern, it might surpass $70,000.</li>
 <li>Conversely, a drop below $65,000 could find support around $63,000, potentially leading to a further decline towards the $60,000 mark.</li>
</ul>
KEY&nbsp;LEVELS :
RESISTANCE LEVEL : $67,200-$68,500
SUPPORT LEVEL : $65,000-$63,700
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 the BTC Bull Rally Losing Steam?

Coingabbar

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