Bitcoin Holds The Line—But Can It Bounce Back or Break Lower?
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Bitcoin is experiencing price volatility, currently trading around $79,200 after a recent peak at $83,548. The cryptocurrency faces potential downward pressure if it fails to break above key resistance levels at $80,500 and $81,500. Technical indicators suggest a cautious market sentiment.
April 11, 2025 | 2:45 am
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Bitcoin is at a critical juncture, with potential to either bounce back or break lower. Current support is around $79,500, with resistance at $80,500 and $81,500.
Bitcoin is currently in a price consolidation phase. The inability to break above $80,500 resistance could lead to further downside, with potential support at $79,000 and $78,000 levels. Technical indicators like MACD losing bullish momentum suggest potential downward pressure.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100