Bitcoin

<ul><li>Bitcoin’s $60,000 level may flip from resistance to support, influencing potential bullish trends.</li><li>Bitcoin could dip to $40,000 before reaching $100,000, based on historical patterns and current indicators.</li><li>Current indicators show a neutral RSI and bullish MACD, suggesting Bitcoin’s future could lean positive.</li></ul>Bitcoin’s price trajectory has long been a focal point of market speculation and analysis. As of press time, <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) is trading around $60,836.76, showing a 2.81% increase over the past 24 hours. This recent rise comes as Bitcoin tests a critical resistance level. Analyst Cryptoknight’s recent study of Bitcoin’s technical indicators shed light on whether Bitcoin might experience a &#34;max pain&#34; scenario, potentially dipping to $40,000 before reaching the $100,000 mark.Cryptoknight’s weekly price chart suggests that between 2020 and 2023, Bitcoin demonstrated significant price patterns. The $30,000 to $40,000 range emerged as a crucial support zone. This level repeatedly served as a safety net during market pullbacks, with Bitcoin bouncing back whenever it approached this range. Conversely, the $60,000 level posed a strong resistance. Bitcoin tested this level multiple times, forming a double top pattern in 2021, which led to a notable market correction.<a href="https://cryptotale.org/will-bitcoin-dip-to-40000-before-hitting-100k-insights/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Will Bitcoin Dip To $40,000 Before Hitting $100K? Insights

CryptoTale

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