Bitcoin Price Shows Strength, but Bulls Face Key Resistance

Bitcoin’s price has shown a notable surge of 12%, reaching around $10,000 since Monday. However, the king of crypto is not completely out of the woods yet. While the price briefly dipped below key trendlines on Tuesday, a strong rally saw it surpass resistance levels and reach above $94,000. Despite this surge, analysts note that it has now reached a plateau, with indicators suggesting the momentum may be waning. The bulls face a crucial test at this level, as another sustained upward move could propel Bitcoin towards new highs. ]