Bitcoin Rally Signals Potential U-Turn to $52K Amid Market Manipulation

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Bitcoin's recent price action suggests market manipulation, with a significant rally after retesting $59K and an overall sideways trading range between $65K and $52K. Despite a 7% price increase, there is no fundamental or technical justification for the sudden price movements: **$6K down, $4K up, $5K down, $4K up** over the last two weeks.

Key **resistance levels** to watch are **$63,400**, **$64,130**, and **$65,000**. The resistance retests have led to false breakouts, confirming a **bearish market structure** and a downtrend channel. Buyers show no dominant presence, and the current rally lacks accumulation strength to surpass these resistance levels.

**Support levels** include **$61,320** and **$59,000**. The market may see a reversal, pulling Bitcoin down toward the lower zone of the trading range, with a potential fall to **$52K**.

Conclusion :

The current Bitcoin rally is likely a manipulation within a confirmed bearish trend. The resistance zones will likely halt further upward movement, and a U-turn to **$52K** is highly possible given the lack of technical strength. Traders should be cautious of a downside move.

Advice :

If you're trading Bitcoin, closely monitor the resistance zones at **$63,400** and above. Set stop-losses near key support levels like **$59,000**. Stay cautious, as Bitcoin’s price could reverse and test the lower end of the range at **$52K**. Keep risk management strategies in place, as volatility remains high.