{"id":374639,"date":"2019-03-14T06:30:18","date_gmt":"2019-03-14T06:30:18","guid":{"rendered":"https:\/\/uniquehot.com\/?p=374639"},"modified":"2024-06-11T12:51:48","modified_gmt":"2024-06-11T12:51:48","slug":"bitcoin-btc-price-watch-upside-break-inevitable-above-3900","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-btc-price-watch-upside-break-inevitable-above-3900\/","title":{"rendered":"Bitcoin (BTC) Price Watch: Upside Break Inevitable Above $3,900"},"content":{"rendered":"
Bitcoin price is setting up for the next key break against the US Dollar. BTC could either rally above $3,900 or decline below the $3,800 support in the coming sessions.<\/em><\/p>\n After a sharp drop, bitcoin price found support near the $3,800 level<\/a> against the US Dollar. The BTC\/USD pair traded as low as $3,801 and later started a decent rebound. It traded above the $3,825 and $3,830 resistance levels to move into a short term positive zone. There was a break above the $3,850 level and the 50% Fib retracement level of the last decline from the $3,911 high to $3,800 swing low. However, the upside move was capped by the $3,880 resistance and the 100 hourly simple moving average.<\/p>\n The 61.8% Fib retracement level of the last decline from the $3,911 high to $3,800 swing low also acted as a resistance. There were a couple of failures to clear the $3,880 barrier, but buyers failed. Besides, yesterday\u2019s highlighted important bearish trend line is in place with resistance at $3,860 on the hourly chart of the BTC\/USD pair. \u00a0If there is an upside break above the trend line, $3,870, and the 100 hourly SMA, there could be more gains.<\/p>\n The next stop for buyers could be $3,900, above which there are chances of more gains towards the $3,950 and $3,980 levels. The key resistance for a larger rally is near the $4,000 level. On the downside, an initial support is near the $3,825 level. If there is a break below $3,825, the price may struggle<\/a> to hold the $3,800 support as well.<\/p>\n <\/p>\nBitcoin Price Analysis<\/h2>\n