Bitcoin

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<h2 id="span-data-font-font-size-style-font-size-20px-btc-price-is-consolidating-between-34-500-and-35-200-span-br">BTC price is consolidating between $34,500 and $35,200 </h2>
Over the past two weeks, <a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" class="f-link" rel="noopener noreferrer nofollow">Bitcoin</a> struggled to maintain a strong bullish trend due to substantial selling pressure near the $36,000 mark. Daily candles with short bodies and long wicks created uncertainty in the crypto market sentiment. Bitcoin notably held above its local invalidation point at $34,500, thanks to market bulls supporting consolidation and guiding an impulse move based on a predetermined strategy.
<h3 id="span-span-data-font-font-size-style-font-size-18px-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>, Bitcoin is currently encountering strong resistance at around $35,400, but if it manages to surpass this level along with $35,500, it could potentially rally towards $37,000. The 4-hour chart illustrates Bitcoin's price movement within a rising channel characterized by two upward trendlines, creating a tight trading range. The daily chart shows that yesterday, Bitcoin formed a Long Wick Doji candle, signaling indecision. If Bitcoin can maintain support at the lower channel line and the 200-hourly moving average, it may have the potential to establish a new high.
KEY LEVELS :
RESISTANCE LEVEL : $35,400-$36,000
SUPPORT LEVEL : $34,500-$34,000
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-$34,980: Is the Consolidation Ongoing?

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