Bitcoin (BTC) Struggles Near $43,250 Resistance

Bitcoin (BTC) is currently having trouble, facing resistance near $43,250. Despite initiating a consolidation period after reaching $41,500, BTC’s attempts to regain momentum faced obstacles at the $43,250 and $43,500 levels.The cryptocurrency is at a critical juncture, with potential losses looming if it fails to sustain above $43,500.Bitcoin has experienced a mild recovery after a consolidation phase around $41,500. However, bears operating near the $43,250 and $43,500 levels resisted the advance. The recent downtrend began after reaching a swing high of $43,568.A break below $43,000 marks a significant shift in price action. Additionally, a key ascending channel with support near $42,880 was broken, adding to the bearish sentiment. Bitcoin has struggled to stay above these key levels, raising concerns that further losses may be possible.Bitcoin is currently trading below the $43,250 resistance and the 100 hourly simple moving average (SMA). A breakout of these levels signals a difficult environment for bulls. However, efforts are underway to start a recovery wave, with Bitcoin targeting a break above $42,500.Cryptocurrency markets remain on edge, with long-term downside risks if Bitcoin fails to sustain above $43,500.If you like spot goods and want to invest in the bull market together, click on the avatar, follow me, face the fans, share my bull market strategy layout for free, and become a free blogger, just to increase your followers.

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