Bitcoin Price Regains Strength As The Bulls Aim For $40K
Bitcoin price started a fresh increase above the $37,000 resistance zone. BTC could accelerate higher once there is a clear move above the $37,350 resistance....
- Bitcoin price has started a fresh increase above the $37,000 resistance zone.
- The price is trading above $36,700 and the 100 hourly Simple Moving Average.
- There is a key bullish trend line forming with support near $36,720.
- If the price clears $37,350 and $38,000, it could continue to move up toward $40,000.
- However, if it fails to rise above the $37,350 resistance, it could start another decline.
The sentiment of the article is generally positive as it highlights the fresh increase in Bitcoin price and the potential for further upward movement if certain resistance levels are cleared. However, there is also a mention of the possibility of another decline if the price fails to rise above a specific resistance level.