TA- Bitcoin (BTC) Unable To Hold Above $24,000 Ahead Of Bearish Signs

The price of Bitcoin BTC has struggled to hold above $24,700 against Tether (USDT) after being rejected from that region. Bitcoin in recent times has shown bullish signs after rallying to the $24,000 mark, with many investors speculating this could be the start of the bull run. The price of BTC was rejected from $25,200 and has struggled to reclaim that region. Related Reading: SHIB On Fire – And A Bull Run Could Be Around The Corner – Here’s Why Bitcoin (BTC) Price Analysis On The Weekly Chart From the chart, the price of BTC saw a weekly low of $19,000, which bounced from that area and rallied to a price of $25,200, making six straight weeks of bullish sentiments. BTC’s weekly candle closed with a bullish sentiment, but the new week’s candle tends to look bearish, indicating we could have a minor retracement to the next support area of $21,500. The price has struggled to build more momentum as it faces resistance at $24,000. If the price of BTC on the weekly chart continues with this structure, it could quickly revisit $21,500, acting as good support for the price of BTC. Weekly resistance for the price of BTC – $24,000. Weekly support for the price of BTC – $21,500. Price Analysis Of Bitcoin On The Daily (1D) Chart The price of BTC found strong support at $22,443, with what seems to be an area of interest on the daily chart. BTC bounced from its support and rallied to $25,200, where it was faced with resis...