BTC Price Rises Again, This Resistance Needs to Be Broken to Return to the Bullish Path||tron-fan-club: 10.00%

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come back with me tonight, and tonight I want to share about the rise of BTC after several down days and tonight it went up again, Bitcoin has recently returned to the spotlight after being able to bounce back from the bearish push, but it will facing key resistance to determine its future fate. Amidst the selling wave that seemed to dominate, Bitcoin managed to stay above the US$40,500 support zone, avoiding further declines that could trigger bearish sentiment in the market.

That zone has become the basis for a surge in BTC prices. The resilience shown at this level indicates strong buying interest, indicating that investors still believe in Bitcoin's long-term prospects.

BTC Price and Key Resistance After that.

Bitcoin experienced a steady rise, surpassing the US$41,200 and US$42,000 levels. This recovery is an important development, considering the bearish trend that previously dominated the market.
After that, Bitcoin experienced a steady rise, surpassing the US$41,200 and US$42,000 levels. This recovery is an important development, considering the bearish trend that previously dominated the market.
NewsBTC reports that the break above the main bearish trend line, with resistance near US$41,850 on the one-hour chart of the BTC/USD pair, is a clear signal of changing market dynamics.

The rally didn't stop there, as Bitcoin pushed past the US$43,000 resistance zone, a move that surprised many market watchers who were expecting a slower response from buyers. This surge is evidence of the volatility and uncertainty inherent in the crypto asset market. However, as BTC price approached US$43,500, it encountered a strong key resistance zone. A high near US$43,464 was reached, but the leading cryptocurrency struggled to maintain momentum in its upper range.

Despite these challenges, Bitcoin managed to consolidate its gains, remaining above the 23.6 percent Fib retracement level of the upward movement from a low of US$40,515 to US$43,464, the latest daily high.

Currently, Bitcoin is trading well above US$42,000, and more importantly, above the key indicator 100 hourly SMA.

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On the upside, immediate resistance is near the US$43,250 level, but stronger resistance lies at US$43,500. A successful close above this level could mark the beginning of BTC's return to the bullish path.

Looking ahead, if Bitcoin can break the US$43,500 resistance, the next major hurdle will be around US$44,200. Overcoming this would open the door to a potential rise towards the US$45,000 level. A clear move above US$45,000 could pave the way for Bitcoin to test US$46,500, a level not seen in recent time.

However, the future of Bitcoin prices is not without uncertainty. If Bitcoin fails to break the US$43,500 resistance zone, it could trigger a new round of selling. The closest support in such a scenario is around US$42,750. More crucially, the next major support is around US$42,000, which corresponds to the 50 percent Fib retracement level of the upward move from a low of US$40,515 to a daily high of US$43,464

More crucially, the next major support is around US$42,000, which corresponds to the 50 percent Fib retracement level of the upward move from a low of US$40,515 to a daily high of US$43,464. A break below this level could cause a significant decline, potentially pushing the price towards US$40,500 support in the short term, thank you, hope this is useful.