Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.
In recent weeks, the price of Bitcoin (BTC) was holding below a key resistance level after repeatedly failing to breach it to the upside.
Although there was still a strong chance that the price will rise over this key level, there are still several support levels available in case of a pullback.Read Price Prediction for Bitcoin [BTC] 2023-24 The price has recently repeatedly rejected the important $25k resistance level on the daily chart.
The 50-day moving average, which is now providing support and is situated around $23k, might propel the price upward to test the $25k level once more, with a bullish breakout being more likely in this scenario.
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