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Bitcoin’s recent rejection near key resistance has raised fresh concerns about the strength of its ongoing rally. After a steady climb, signs of selling pressure are beginning to emerge, suggesting bullish momentum may be weakening. With the price hovering around critical support zones, the next move could determine whether the uptrend regains traction or starts to lose steam.
Analyst Kamile Uray said the long-anticipated 2–618 pattern for Bitcoin has officially activated. After the price approached the $78,037 mark, significant selling pressure stalled the upward momentum. The reaction at this local peak indicates the market is responding to technical overhead and may be entering a corrective phase.
Uray noted that maintaining price above this level would reinforce bullish control and suggest the market is building a base for further upside. A breakdown below $72,000, however, would likely indicate that momentum from the recent bounce is fading, potentially leading to more sideways market structure. While Bitcoin has posted a steady 20% gain throughout April, the article cautioned that volatility could increase at any time.
Daan Crypto Trades highlighted that the low $80,000 region remains a pivotal zone for bulls in the short to mid-term. He also pointed out that the $72,000 level—previously resistance for over two months—has now flipped into a critical support zone.
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