[Opinion: Bitcoin Tests Key Resistance for the Third Time in Six Months, Failure Could Lead to a Drop Below $60,000] BlockBeats News, April 16 — According to analyst Alicharts, Bitcoin is at a critical turning point. Bitcoin is currently testing the resistance level of the 100-day Simple Moving Average (SMA), marking its third attempt in six months. The previous two attempts ended in failure: Last October, Bitcoin faced rejection, leading to a 30% drop from $116,000 to $80,000. In January, Bitcoin was rejected again, resulting in a 39% decline from $97,000 to $59,800. Alicharts warns that a third rejection here would represent a significant structural failure. It could trigger a triple-top effect, potentially pushing Bitcoin's price back to the yearly low of $59,800. If BTC ultimately manages to break through this barrier and close above the 100-day SMA, the upper limit will be breached. This breakthrough would pave the way for a direct path to $80,000–$84,000, confirming that the macro correction may have ended.