What Bitcoin price levels will invalidate the short-term bearish scenario?

Cointelegraph

Published Feb 25, 2021 04:00AM ET

Updated Feb 25, 2021 05:40AM ET

The price of Bitcoin (BTC) is continuing to range between $48,000 and $51,000, unable to break out of the $51,600 resistance level.

If Bitcoin struggles to surpass the $51,600 resistance area in the near term, technical analysts say the probability of a correction rises.

BTC/USDT 4-hour price chart (Binance). Source: TradingView
Whale cluster levels. Source: Twitter/@whale_map

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