Don't be fooled by the market! The price of $BTC is definitely not moving sideways and stagnating for no reason! During a bear market, the 200-day moving average (200 MA) has always been a major resistance level. That's right, there have been moments in history when the price briefly broke through this line to lure in retail investors — but ultimately, it turned downward and made new lows. So don't fall for it! Now take a close look at the Fibonacci retracement levels: 0.5 and 0.618 have always been key resistance zones.

BTC-0.96%
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