The BTC/USDT chart shows that Bitcoin has returned to its all-time high range, approaching a crucial resistance area around $72,000 – $73,000.

Bitcoin has reached the historical resistance level, marked by the orange line. This area has triggered retracements, indicating that BTC may face selling pressure.

BITCOIN/UPDATE

The red arrow indicates a potential pullback scenario if BTC fails to break and hold above this resistance. In this case, BTC could retrace towards the $64,000 level or lower support areas within the descending channel.

If BTC successfully breaks this resistance with strong volumes, it could confirm a bullish continuation toward new highs. Rejection could signal consolidation or a downward correction.

Monitor any breakout or rejection signals around this resistance area to anticipate BTC’s next move.

Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.

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