Bitcoin Price Prediction, BTC Make or Break: Bulls Gear Up

BTC fights $44,500 and $45,000 hurdles; breakout could set new highs

• According to Coingabbar Technical Analysis, Bitcoin is encountering resistance at the $44,500 and $44,700 levels, hindering its upward trajectory.

• BTC's current trend exhibits bearish signals, pointing towards a potential drop to the $41,500 threshold.

• The cryptocurrency appears to be engaged in sideways movement, a pattern expected to persist as long as the channel remains unbroken.

• The most recent three candlesticks indicate a modest recovery for BTC, reflecting a cautious sentiment prevailing in the market.

• Uncertainty surrounding the approval of spot Bitcoin ETFs is contributing to an ongoing consolidation phase.

• A significant breakout from the channel pattern in Bitcoin's price holds the potential to trigger a substantial rally in the near term.

KEY LEVELS :

RESISTANCE LEVEL : $44,700-$45,200

SUPPORT LEVEL : $43,700-$43,200

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.