Rally

Bitcoin

<h2 id="span-data-font-font-size-style-font-size-20px-bitcoin-stalled-at-38-500-resistance-slipping-below-38-000-br-span">Bitcoin stalled at $38,500 resistance, slipping below $38,000. </h2>
<ul>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar Technical Analysis</a>, A Doji pattern on the daily chart signals market uncertainty.</li>
 <li>Failing to surpass $38,500 may prompt a retest of $37,500-$36,800 near channel support.</li>
 <li><a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" class="f-link" rel="noopener noreferrer nofollow">BTC</a> faces rejection from the top of the Ascending channel pattern.</li>
 <li>Attempts to clear the $38,500 resistance zone prove unsuccessful. Current consolidation above the 100 hourly SMA hints at a potential upswing.</li>
 <li>Bullish trend persists; expect sideways trade until reaching the ascending triangle apex.</li>
 <li>Amid consolidation, the coin price adheres to the expanding channel pattern, guiding a five-week rally.</li>
 <li>A possible upside breakout in the coming days could lead to a parabolic surge towards $41,000.</li>
 <li>Failure to breach $38,500 resistance may trigger a pullback to $36,700-$35,700 levels soon.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $38,100-$38,500
SUPPORT LEVEL : $37,300-$36,900
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

BITCOIN TECHNICAL ANALYSIS-Dollar 37,750: Is Rally Running Out of Fuel

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Coingabbar

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