Bitcoin (BTC) faces an uphill struggle to reignite its uptrend after its biggest one-day losses of 2023.

The largest cryptocurrency continues to claw back lost ground after falling to lows of $40,200 after the Dec. 10 weekly close, the latest data from Cointelegraph Markets Pro and TradingView shows.

BTC/USD 1-hour chart. Source: TradingView

With BTC price action taking a break from relentless gains — one which many argue was overdue — new key support and resistance levels are coming into play.

The coming days are already set to offer plenty of potential volatility triggers — United States macro data releases begin on Dec. 12, with the Federal Reserve interest rate decision and…

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