The post Bitcoin Enters Crucial Levels; Is More Bearish Trend Possible for the BTC Price? appeared first on Coinpedia Fintech News
Bitcoin price has been surging ever since the beginning of 2023, and despite a couple of bearish pullbacks, it has maintained its strength. The recent upswing displayed the bull’s confidence and self-assured of elevating the price beyond the crucial resistance. Now that the price has landed in one of the crucial zones, a significant drop may also make its way out.
Each time, the BTC price visited these zones, it faced a decent rejection, dragging the price down by nearly $1000. Therefore, it is now believed that the price may rise again towards the same resistance and encounter crucial levels, which may turn out to be pretty decisive.
Source: Tradingview
The BTC price has again been stuck in the parallel channel and accumulated heavily before entering the crucial resistance area. Moreover, before, breaking out of the previous highs, one can expect to
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