Today, Bitcoin (BTC) was trading at around $45k. And crypto experts and analysts said that this is the second installment of its resistance rejection.
Based on the CoinMarketCap, BTC/USD was giving up $46,000 late on Saturday. This is the result of a failed breakout. At that time, BTC lost 4%.
The Popular Twitter trader, Pentoshi, said he had almost completed preparation for a rematch of all-time highs in a zone above resistance at $50,000 and higher.
"I still believe for now it will be a Short term LH on the micro before we go for that upper range."
Also, Michaël van de Poppe hinted about a longer-term moment of adjustment possibly appearing soon. He tweeted to his followers on Saturday and said, "Bitcoin is inside the higher timeframe resistance." Moreover, he thinks that next week will be an important week.
At the time of writing, Bitcoin (BTC) is trading at $45,945.65 with a 24-hour trading volume of $29,427,619,644. Therefore, Bitcoin is down 0.94% in the last 24 hours.