Bitcoin has been showing resilience on the monthly chart, consistently maintaining a key support level that once marked its old all-time high. Despite recent market fluctuations, Bitcoin has held strong at this critical price point for six months.
However, Bitcoin is currently facing some challenges. After a failed attempt to break above the $61,000 level, its price has slightly declined. As of now, Bitcoin (BTC) is trading around $60,525, down from a recent 24-hour high.
