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In the coming hours, it appears that Bitcoin is facing clear challenges around the resistance level of $63,980. In recent days, the market has witnessed a noticeable fluctuation between support and resistance, with strong pressure from buyers to push the price above this level. If Bitcoin is able to break this level, it may head to higher levels exceeding $64,500, which is an important resistance level that some analysts expect to be surpassed in the coming days.

On the other hand, if Bitcoin fails to hold above the $63,980 level, it may face a new downward wave that may reach $57,880. The price waves seem unclear at the moment, but the long-term technical indicators remain positive with the possibility of an upward breakout soon.

Therefore, the market is currently at a critical point, and it is advisable to monitor the price action at the mentioned resistance levels to determine the next direction more accurately.

This analytical image shows the movement of Bitcoin at the current resistance level of $63,980, with two possible scenarios:

1. Resistance breakout: If Bitcoin succeeds in exceeding this level, we may witness a rise towards $64,500 and perhaps more.

2. Resistance rejection: If it fails to hold above this level, a decline may occur towards the support level of $57,880.$BTC #WeAreAllSatoshi #MarketDownturn