Bitcoin ETF

Bitcoin

<h2 id="bitcoin-s-rebound-from-support-hints-at-a-new-bullish-scenario">Bitcoin's rebound from support hints at a new bullish scenario</h2>
<ul> 
 <li> <a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" class="f-link">Bitcoin </a>surpasses the $38,000 mark, reaching levels not seen in almost 18 months. </li> 
 <li> Upward trajectory attributed to market optimism regarding the potential approval of a spot Bitcoin ETF by the SEC. </li> 
 <li> Despite setbacks in spot ETF approval for Hashdex and Grayscale, Bitcoin maintains momentum. </li> 
 <li> Market participants closely monitor developments in the SEC's decision on Bitcoin ETFs. </li>
</ul>
<h3 id="span-span-data-font-font-size-style-font-size-18px-technical-views-span-span">Technical Views:-</h3>
<ul> 
 <li> According to <a href="https://www.coingabbar.com/en/price-analysis" class="f-link">Coingabbar Technical Analysis</a>, Bitcoin experiences a rebound from the ascending trendline, leading to the formation of a Bullish Engulfing candle. </li> 
 <li> The price surpasses the $38,000 threshold once again following the bullish candle. </li> 
 <li> Bitcoin's price movement is characterized by intermittent navigation within an Ascending Channel pattern. </li> 
 <li> On the 4-hour chart, a significant resurgence is observed as the price finds support from the 100-four hourly moving average and the trendline around $35,000. </li> 
 <li> The key question arises: Can Bitcoin break and close above the $38,000 level, potentially paving the way for a move towards $40,000? </li>
</ul>
KEY LEVELS : 
RESISTANCE LEVEL : $37,600-$38,000 
SUPPORT LEVEL : $36,800-$36,300 
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 TECHNICAL ANALYSIS CMP-$37,450: Bull Trap or Opportunity?

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