Important Resistance Level

Bitcoin is currently trading within a range bounded by resistance around the $44,400 price level (which corresponds to the 0 Fibonacci level) and support between $40,550 and $41,370 (the 1 to 0.786 Fibonacci zone).
Minor support in the 0.382 to 0.236 Fibonacci range has held up well so far, indicating strong buying interest at these levels and the potential for a pivot in the price trend.
Bitcoin's inability to break through the resistance level signifies a bearish (seller) market control, especially near the resistance zone where significant selling pressure is observed.
The $45,000 resistance level is a critical point for both short-term and long-term Bitcoin trends. A breach or failure at this level could lead to significant price trend changes.

This analysis is for informational purposes only and should not be considered as financial advice.

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