Bitcoin Rejected Again Bitcoin fails again at $71,500, raising concerns about weakening momentum as repeated rejections push traders to watch lower support levels. Bitcoin [btc] has attempted to breach the $70k mark twice in a week. both attempts were met with rejection and accompanied by high volatility. a recent ambcrypto report highlighted why a short squeeze was likely, despite the geopolitical tensions rattling the market.
Bitcoin Rejected Crypto Space Struggling To Stay Relevant Bitcoin is struggling to regain momentum, and the latest rejection at the $68,000 level is starting to raise eyebrows. not long ago, the key resistance sat closer to the $73,000–$74,000 range. It almost feels like a deja vu in the past few weeks, and it happened again on monday morning as btc pumped to just over $90,000, only to be rejected violently there and drive immediately south to its starting position. Despite brief rallies, bitcoin has once again failed to break above descending resistance, according to crypto analyst carl runefelt. this rejection, paired with declining trading volume, is a sign that buyers may be losing strength. After a volatile session shaped by developments in the middle east, btc failed once again to hold above $71,000 and slipped back to trade just under $70,000. the move reinforced a pattern that has frustrated bulls this week: sharp rebounds are arriving, but follow through keeps disappearing.
Bitcoin Rejected At Descending Resistance Again Is 78 600 Still In Play Despite brief rallies, bitcoin has once again failed to break above descending resistance, according to crypto analyst carl runefelt. this rejection, paired with declining trading volume, is a sign that buyers may be losing strength. After a volatile session shaped by developments in the middle east, btc failed once again to hold above $71,000 and slipped back to trade just under $70,000. the move reinforced a pattern that has frustrated bulls this week: sharp rebounds are arriving, but follow through keeps disappearing. Bitcoin has just been rejected again near $73,000, and this is turning into a major level for the whole market. if bulls cannot clear it soon, altcoins could stay weak for longer. Despite brief rallies, bitcoin has once again failed to break above descending resistance, according to crypto analyst carl runefelt. this rejection, paired with declining trading volume, is a sign that buyers may be losing strength. #bitcoin was rejected again at the support zone and is now moving sideways. the price looks weak and there’s a chance it could break below support. with some important news coming soon, the market may become very volatile before the week ends. it’s best to stay patient and wait for a clear breakout before making any move. Around dec. 19, a weaker recovery attempt saw bitcoin briefly tap the liquidity just above $90,000. unlike the previous rallies, this move lacked the volume to sustain even a daily close above the level.
Bitcoin Rejected Again At 28 000 Bitcoin has just been rejected again near $73,000, and this is turning into a major level for the whole market. if bulls cannot clear it soon, altcoins could stay weak for longer. Despite brief rallies, bitcoin has once again failed to break above descending resistance, according to crypto analyst carl runefelt. this rejection, paired with declining trading volume, is a sign that buyers may be losing strength. #bitcoin was rejected again at the support zone and is now moving sideways. the price looks weak and there’s a chance it could break below support. with some important news coming soon, the market may become very volatile before the week ends. it’s best to stay patient and wait for a clear breakout before making any move. Around dec. 19, a weaker recovery attempt saw bitcoin briefly tap the liquidity just above $90,000. unlike the previous rallies, this move lacked the volume to sustain even a daily close above the level.
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