Bitcoin Price Rebound Falters Amid Weak Momentum

• WhatBitcoin price has rebounded, but its momentum remains weak, limiting further gains.
• WhyThe rebound is attributed to a break above a bearish trendline, but the price is struggling to sustain above key resistance levels.
• SignalThe consolidation below a crucial resistance level may indicate a potential reversal in the short-term trend.
• TargetInvestors are likely to target a retest of the previous highs, but the weak momentum may cap further gains.
• RiskThe risk of a price drop increases if the price fails to break above the key resistance level, potentially triggering a new downtrend.