Bitcoin price has encountered challenges in maintaining a bullish trend since December.
The weekly timeframe experienced the dismissal of a double top reversal pattern.
A looming potential head and shoulders reversal pattern signals a more worrisome scenario for Bitcoin, suggesting the likelihood of a downward movement.
$BTC is presently trading within a range on the 4-hour chart.
A DragonFly Doji candlestick pattern emerged on the daily chart yesterday.
The determination of new trends depends on a breakout, whether above the $43,800 level or below the $42,000 level.
As per Coin Gabbar analysis, #Bitcoin Price Prediction 2030 is $200,000, while Bitcoin #PricePrediction 2040 exceeds $500,000.
KEY LEVELS :
RESISTANCE LEVEL : $43,800-$44,500
SUPPORT LEVEL : $41,650-$41,000
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