Bitcoin tests a key resistance level for the third time in six months; if it fails, it may break below $60k



On April 16, according to analyst Alicharts' view, Bitcoin is at a critical turning point, currently testing the 100-day simple moving average (SMA) resistance level, marking its third test of this level in six months.
The previous two tests ended in failure to break through, with Bitcoin dropping 30% from $116,000 to $80,000 in October last year; in January, Bitcoin also failed to break through, falling 39% from $97,000 to $59,800.
Alicharts warned that if this test is rejected again, it would constitute a major structural failure, potentially triggering a triple top effect, with Bitcoin's price possibly pushed back to the annual low of $59,800; if it successfully breaks through and closes above the 100-day SMA, it would break the price ceiling, opening a path to $80,000–$84,000, confirming that the macro correction may have ended.
BTC1,38%
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MasterChuTheOldDemonMasterChu
· 1h ago
Just charge and you're done 👊
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HighAmbition
· 1h ago
thnxx for the
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Miss_1903
· 3h ago
To The Moon 🌕
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