$BTC #Bitcoin Price Faces Stiff Resistance: Is Another Drop on the Horizon?

Bitcoin's price is currently grappling with a critical resistance level, hovering just below a key technical threshold. Despite recent attempts to push higher, BTC has struggled to maintain momentum above $65,000, with sellers stepping in at each rally.

Technical indicators suggest a potential reversal, as the Relative Strength Index (RSI) cools off and trading volumes taper. A failure to break and hold above the resistance zone could pave the way for a pullback, with potential support levels around $61,000 and $58,000.

While long-term fundamentals remain bullish, short-term traders should stay alert. A decisive breakout or breakdown in the coming days could set the tone for Bitcoin’s next big move.

Will Bitcoin rally past resistance, or is another dip imminent? Let us know your thoughts.

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