Bitcoin

<h2 id="span-data-font-font-size-style-font-size-20px-bitcoin-struggles-to-surpass-38-000-resistance-and-fell-down-br-span">Bitcoin struggles to surpass $38,000 resistance and fell down </h2>
<ul>
 <li><a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" class="f-link">Bitcoin</a> experienced a drop on Thursday following the release of new macroeconomic data, attributed to stronger-than-expected unemployment claims.</li>
 <li>The US dollar index (DXY) retreated, nearing 104 and approaching its lowest point since early September.</li>
 <li>The U.S. Securities and Exchange Commission (SEC) announced a delay in the decision regarding Hashdex's application to transform its current bitcoin futures exchange-traded fund (ETF) into a spot vehicle.</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> indicates a potential double top formation for BTC, hinting at a decline towards the $34,500 support level.</li>
 <li>A bearish reversal pattern is suggested by the Tweezer Top candle on the daily BTC chart.</li>
 <li>Bitcoin is undergoing a significant pullback, having rejected resistance once more at the $38,000 level within the Ascending Channel pattern.</li>
 <li>The 4-hour chart reveals support for Bitcoin's price at the 100-four hourly moving average and the trendline, situated around $35,500.</li>
 <li>Potential scenarios: If BTC fails to breach resistance, a price drop to the $35,500-$34,500 range is anticipated. Conversely, a successful breach and close above $38,000 could lead to price levels in the $40,000-$45,000 range.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $36,800-$37,200
SUPPORT LEVEL : $36,000-$35,500
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-$36,400: Buying Opportunity or Red Signals?

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