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Here is a clear and educational post on your topic 👇
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Bitcoin facing a key resistance: what should be understood?
At the moment, Bitcoin is trading around the **$114,000 – $116,000** range, a level known as **resistance**.
🔹 What is a resistance?
It is a price at which the market struggles to rise, as many sellers decide to take their profits. Imagine a ceiling that blocks progress.
🔹 Two possible scenarios:
1️⃣ Rejection and correction: if sellers dominate, the price may drop again and offer a new buying opportunity at a lower level.
2️⃣ Resistance break: if demand is stronger, Bitcoin
---
Bitcoin facing a key resistance: what should be understood?
At the moment, Bitcoin is trading around the **$114,000 – $116,000** range, a level known as **resistance**.
🔹 What is a resistance?
It is a price at which the market struggles to rise, as many sellers decide to take their profits. Imagine a ceiling that blocks progress.
🔹 Two possible scenarios:
1️⃣ Rejection and correction: if sellers dominate, the price may drop again and offer a new buying opportunity at a lower level.
2️⃣ Resistance break: if demand is stronger, Bitcoin
BTC1.33%