
bitcoin·38d ago
TradingView Analysts Warn Bitcoin Rebound May Be Resistance Retest
Analysts caution Bitcoin's price action might be a retest of resistance rather than a genuine recovery.
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Analysts caution Bitcoin's price action might be a retest of resistance rather than a genuine recovery.

An analyst notes Bitcoin is testing local H4 resistance at $64,100, coinciding with a 1:1 correction and 38.2% Fibonacci level.

Technical indicators show XRP oversold on all time frames, with analyst noting past similar conditions led to rallies.

Market analyst Ali Martinez says Bitcoin's recent drop to $59,000 could signal a market bottom and the start of a major accumulation phase.