Bitcoin Price Analysis: BTC Sees 5th Rejection Of $60k, What’s Next?

A quick recap: the primary cryptocurrency started the month of April by attempting to push above the $60,000 level, this was the fourth attempt since March 18. Unfortunately, it got rejected once again, and over the past hours lost around $3500, reaching as low as $56.5k on Bitstamp.

Two scenarios from here: the bullish one will be a fifth attempt to break the $60k line. In case of success, Bitcoin will complete an inverse head and shoulders with a target of $69k (the size of the pole).

On the other hand, Bitcoin will look to maintain the $54-56k range, which is full of demand. In case of a breakdown, the $50k will be at risk once again.

https://cryptopotato.com/bitcoin-price-analysis-btc-sees-5th-rejection-of-60k-whats-next/