{"id":489238,"date":"2022-04-29T03:08:23","date_gmt":"2022-04-29T03:08:23","guid":{"rendered":"https:\/\/uniquehot.com\/?p=489238"},"modified":"2024-06-11T11:30:43","modified_gmt":"2024-06-11T11:30:43","slug":"bitcoin-trengthening-case-decent-increase-40k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-trengthening-case-decent-increase-40k\/","title":{"rendered":"TA: Bitcoin Key Indicators Suggest Strengthening Case For Decent Increase"},"content":{"rendered":"
Bitcoin is showing positive signs above $39,500 against the US Dollar. BTC must clear $40,250 to continue higher in the near term.<\/em><\/p>\n Bitcoin price started a fresh recovery wave<\/a> above the $38,500 resistance level. BTC cleared the $39,250 and $39,500 resistance levels to move into a positive zone. Download Bitcoin Miner Awesom Miner Official for Windows<\/a>. Safe install and earn ETH\/BTC.<\/p>\n There was a move above the 50% Fib retracement level of the main decline from the $40,774 swing high to $37,670 swing low. There is also a major bullish trend line forming with support near $39,580 on the hourly chart of the BTC\/USD pair.<\/p>\n Bitcoin price is now trading above $39,500 and the 100 hourly simple moving average<\/a>. It even spiked above the $40,000 resistance.<\/p>\n However, there was no close above the 76.4% Fib retracement level of the main decline from the $40,774 swing high to $37,670 swing low. On the upside, an immediate resistance is near the $40,000 level. The next key resistance could be near the $40,250 zone.<\/p>\n <\/a><\/p>\n A close above the $40,250 level could open the doors for a decent increase. In the stated case, the price could even surpass the $40,800 resistance. The next major resistance may perhaps be near the $41,250 zone.<\/p>\n If bitcoin fails to clear the $40,250 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $39,750 level.<\/p>\n\n
Bitcoin Price Eyes Upside Break<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Fresh Decline in BTC?<\/h2>\n