The BTC price has recouped almost all of the losses stemming from the March 12 crash.
If the price breaks out, it is likely to reach the closest resistance area at $8,050.
A breakdown below the ascending support line would invalidate this possibility.
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On April 23, the Bitcoin price increased considerably and created the second successive bullish candlestick. The price reached a high of $7,738 before decreasing slightly. The aforementioned high is the highest price BTC has reached since the rapid decrease on March 12. In addition, it is only 3% below the price on that day, meaning that BTC has recouped almost all of the losses stemming