Bitcoin Price initiated a fresh decline below the $42,000 level against the US Dollar.
Sustaining bitcoin a bearish trend, the #cryptocurrency remained below the crucial $40,000 support zone.
Experiencing a further decline, the #Bitcoin price tested the $38,500 support zone.
$BTC is currently undergoing a recovery wave but faces challenges surpassing the $40,500 resistance.
A balanced struggle is evident between bulls and bears, with equal pressure from both sides.
Indications suggest the price strategically positions itself for an exponentially higher low.
Coin Gabbar analysis reveals that, The current setup hints at a potential upswing, contingent on a significant pullback before materializing.

KEY LEVELS :
RESISTANCE LEVEL : $41,000-$41,600
SUPPORT LEVEL : $39,600-$38,800
Disclaimer: Coingabbar’s guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

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