"Bitcoin Faces Crucial Resistance: Analyzing Potential Moves and

🔥 Bitcoin Market Update: Navigating Crucial Resistance! 🔥

Current Momentum: Bitcoin is currently demonstrating strong upward momentum. However, the critical resistance zone between $70,000 and $71,500 has consistently halted previous rallies, despite expectations of new lifetime highs.

Key Resistance: This zone has been a tough barrier, sending BTC back to the lowest levels of the half year each time it has been tested. We now regard this area as a solid resistance until Bitcoin can secure a daily close above $71,800. A bullish H4 candle closing above this resistance could signal a potential entry for targeting new highs.

Possible Retracement: Should Bitcoin touch this resistance and retract, there's potential support between $65,800 and $63,500. This region aligns with the Daily order block and a 0.38% Fibonacci retracement, setting a prime stage for a possible final buy.

Alternative Scenario: If Bitcoin faces rejection at this tough resistance again, we might see it pivot and dive to new lows below $55,000.

💡 Keep a close eye on these pivotal levels for strategic trading decisions and potential entry points for both short-term gains and significant milestones! 💸