According to this analysis, the Bitcoin price reached a high of $73,525 on October 29 but has since fallen to $68,141, still above the 21-day moving average. However, if the price slips below the moving average lines, Bitcoin is at risk of further decline. It is predicted that Bitcoin will resume its positive trend if it retraces and stays above the moving averages. Key resistance levels are $70,000 and $80,000, while key support levels are $50,000 and $40,000. On the 4-hour chart, the price has fallen below the moving average lines and may test its previous low at $67,000, with the potential for further decline to $64,000.



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