Bitcoin traders are carefully monitoring the market as Pledditor (@Pledditor) posted that Gareth Soloway, a well-known technical analyst, has entered another short position on Bitcoin at $68,000.

Soloway’s bearish stance reflects his prediction that the cryptocurrency could face significant resistance at this price level, leading some investors to brace for a potential downturn​.

Bitcoin has been hovering around the $68,000 mark, but the broader cryptocurrency market is experiencing volatility due to concerns surrounding economic policies, including interest rates and inflation pressures.

The possibility of further U.S. Federal Reserve interventions has made Bitcoin an increasingly attractive asset for risk-averse investors seeking safe havens​.

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