#Bitcoin Rebound Attempt Underway: Can It Last?

1-14) The Bitcoin crash on Monday reversed upon reaching the Bitcoin Spot ETF launch date on January 11/12, 2024, a key reference point in the market's recent history. Traders are focused on the technical aspects of price movements, and a thorough understanding of this analysis can lead to more informed trading decisions. Even the most optimistic crypto traders must acknowledge that the declines have been progressively deeper: 56,500 in May, 53,500 in July, and 49,100 in August.

2-14) Bitcoin is attempting to recover, but the strong resistance from the well-defined downtrend will likely be more challenging after the recent support break.

3-14) Full report: https://mail.10xresearch.co/p/bitcoin-rebound-attempt-underway-can-last