Bitcoin rose from $40.5K support but faces resistance at $43.5K.
According to Coingabbar Technical Analysis, Bitcoin recently surged, finding support at $40,500.
Despite a 5% increase, bears are defending the $43,500 resistance zone.
The fate of BTC hinges on overcoming the $43,500 barrier; failure could lead to a decline.
On the 4-hour chart, a falling wedge pattern breakout and a Double Bottom formation signal potential bullish momentum.
A symmetrical triangle on the weekly chart broke out, placing control in the hands of the bulls.
The pivotal question remains: Will Bitcoin breach the crucial $43,500 level?
KEY LEVELS :
RESISTANCE LEVEL : $43,500-$44,000
SUPPORT LEVEL : $42,600-$42,100
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice. #BTC #INJ #BONK #ACE