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BTC Facing Huge Resistance, Rejection Can Result in $18K Retest (Bitcoin Price Analysis)

BTC Facing Huge Resistance, Rejection Can Result in $18K Retest (Bitcoin Price Analysis)

Cryptocurrency Over the past week, Bitcoin had been fluctuating around the $20k confluence zone showing no real signs of a possible rebound: low volatility, lack of demand, and choppy price action. After retesting the primary demand zone at $18K, the price temporarily rebounded toward the $22K resistance level but quickly got rejected. Cryptocurrency Technical Analysis Technical Analysis By Shayan The Daily Chart The following chart shows that BTC had formed a continuation correction pattern following the sharp decline. If the price succeeds in breaking to the bullish side, a rally becomes likely, toward the $30K – the first major resistance. […]