Bitcoin Price Prediction: $BTC Recovery Hits The Brakes, Will It Slide Under $40,000?

Bitcoin Price Prediction: After a brief period of consolidation around $44K, Bitcoin price struggled to surpass a key resistance level, failing to hit $45K. This led to a sharp decline in prices at the start of the week, indicating a bearish trend for the week’s opening. Despite this, the technical analysis suggests that the current pullback might be a retesting phase, hinting at a potential rebound. The critical question now is whether Bitcoin will close the year above $45K or fall below $40K. Let’s explore this further.