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early payout bet365 Bitcoin price has dropped below ,000 to currently trade near ,480.Crypto analyst Rekt Capital says BTC price could retest ,800 and establish it as a major support area.BTC price bounced above ,000 last week, having struggled to break past the anticipated buffer zone.Bitcoin is trading around ,479, about 3% down in the past 24 hours and now just 4% up in the past seven days. After trading to highs above ,100 and then retreating to current levels, the market might have to brace for a retest of ,800.Thats todays Bitcoin price prediction as shared by crypto analyst Rekt Capital. Bitcoin price at key area, with possible dip to ,800Following a retracement to lows of ,500 in the aftermath of the FTX debacle market rout, Bitcoin price saw a decent flip in 2023. An upswing off the post-death cross retracement of the bear market saw BTC recover more than 80%.According to Rekt Capital, the rally to ,000 area had BTC trending at an area that has previously acted as a stubborn resistance as well as support zone on the monthly chart. Bulls managed to breach the supply wall last week, but the ,800 was equally resolute and despite a decent weekly close above the zone, a fresh dip to the level is likely.Such a retest might be what buyers need to solidify it as a demand reload area. Rekt says a successful retest of the level could reenergize bulls for another upward move.#BTC enjoys a solid Weekly Close above ~800 support (orange)If this current dip is to get deeper, it would be entirely healthy for $BTC to retest ~28800After all, that level was a multi-week resistance and now may have the chance to become support#Crypto #Bitcoin https://t.co/ZUMHMa7ukR pic.twitter.com/PCAzaIkAvV Rekt Capital (@rektcapital) April 17, 2023

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