FOMC

Bitcoin

Change

<h2 id="bitcoin-couldn-t-sustain-its-upward-momentum-beyond-36-000">Bitcoin couldn't sustain its upward momentum beyond $36,000</h2>
Following the Federal Reserve's interest rate announcement, <a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" class="f-link" rel="noopener noreferrer nofollow">Bitcoin</a> bulls demonstrated a resurgence of vigor, propelling them past the $36,000 resistance threshold. Regrettably, their success proved short-lived, as the market struggled to maintain a price above the $35,000 support level and subsequently sustained itself above the subsequent support level of $34,000. Presently, the market awaits today's release of Non-Farm Employment Change data with bated breath to determine its next move.
<h3 id="span-data-font-font-size-style-font-size-18px-span-technical-views-span-span">Technical Views:-</h3>
According to <a href="https://www.coingabbar.com/en/price-analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar Price Analysis</a>, Over the past week, Bitcoin traded in a $33,000 to $35,000 range, forming a triangular pattern. Following the FOMC outcomes, it broke the $35,000 resistance, briefly reaching $36,000 but faced rejection at the upper boundary of a rising channel pattern. On the 4-hour chart, a shooting star pattern appeared, causing BTC to fall below $35,000, and it is currently trading within a falling channel pattern. If Bitcoin maintains support at $34,000, there is potential for buying and a breakout above the $36,000 resistance. However, a breach below $34,000 could pave the way for a drop to the $30,000 level.
KEY LEVELS : 
RESISTANCE LEVEL : $34,700-$35,100 
SUPPORT LEVEL : $34,000-$33,700 
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 PRICE ANALYSIS CMP-$34,400: Bull trap or technical correction?

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