Analyst Says Bitcoin Price Could Retest Substantially Below $100,000 If This Level Fails

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Analyst Says Bitcoin Price Could Retest Substantially Below $100,000 If This Level Fails - NewsBTC

Quick Summary:

Bitcoin Successfully Closes Above Confluent Resistance According to technical analysis from crypto analyst Rekt Capital, Bitcoin has managed a daily close above a significant confluent resistance level.

Since breaking out of this confluence area, Bitcoin has managed to push towards $106,000, but candlestick formations are starting to reveal a slowdown in momentum.

This intense volatility has allowed Bitcoin to achieve a daily close above a key confluent resistance level that had capped its price action for the past month.