Bitcoin price persisting beneath the $52,500 resistance zone indicates a short-term negative trend for BTC.
Breaking through the $52,000 resistance has proven challenging for #Bitcoin.
There's a looming risk of $BTC dropping below the $50,500 support zone.
After reaching a recent peak, BTC's price has been limited within a narrow trading range.
Analysis of the daily chart reveals candles with short bodies, suggesting a battle between Bulls and Bears.
$In recent days, BTC has been engaging in sideways trading within a horizontal channel.
Traders are closely monitoring key levels at $52,500 and $50,500.
A breakout above or below these levels is likely to establish a new trend for BTC.
As per Coin Gabbar analysis, #Bitcoin Price Prediction 2030 is $200,000, whereas Bitcoin Price Prediction 2040 is around $500,000.
KEY LEVELS :
RESISTANCE LEVEL : $51,600-$52,200
SUPPORT LEVEL : $50,500-$49,800
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