{"id":374779,"date":"2019-03-15T06:38:50","date_gmt":"2019-03-15T06:38:50","guid":{"rendered":"https:\/\/uniquehot.com\/?p=374779"},"modified":"2024-06-11T12:51:45","modified_gmt":"2024-06-11T12:51:45","slug":"bitcoin-btc-price-watch-important-reversal-signs-emerge","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-btc-price-watch-important-reversal-signs-emerge\/","title":{"rendered":"Bitcoin (BTC) Price Watch: Important Reversal Signs Emerge"},"content":{"rendered":"
Bitcoin price climbed above key resistance levels against the US Dollar. BTC is trading with a bullish angle and it could rise above $3,900 and $3,940 in the coming sessions.<\/em><\/p>\n The past three sessions were very volatile, with swing moves in bitcoin price above $3,800 against the US Dollar. The BTC\/USD pair formed a large candle, taking out both short and long positions below the $3,900 resistance. The last swing low was formed at $3,832 before the price climbed higher. Buyers managed to push the price above the $3,850 resistance<\/a> and the 100 hourly simple moving average.<\/p>\n More importantly, this week\u2019s major bearish trend line with resistance at $3,845 was breached on the hourly chart of the BTC\/USD pair. The pair failed to gain momentum after the break, but it settled above the trend line and $3,850, which is a positive sign. The price traded as high as $3,872 and it is currently correcting lower. It broke the $3,860 support and the 23.6% Fib retracement level of the recent wave from the $3,832 low to $3,872 high. However, there are many supports on the downside<\/a> near $3,850 and the 100 hourly SMA.<\/p>\n The 50% Fib retracement level of the recent wave from the $3,832 low to $3,872 high is also near $3,850. Besides, there is a connecting bullish trend line formed near $3,845 on the same chart. Therefore, there are chances of bullish moves as long as the price is above $3,845. On the upside, the price could break the $3,875 level and test $3,900. If buyers clear the $3,900 resistance, the price may rise towards the $4,000 barrier.<\/p>\n <\/p>\nBitcoin Price Analysis<\/h2>\n