Bitcoin

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<ul>
 <li>BTC is approaching the support zone around $36,700.</li>
 <li>Closures below $35,500 could trigger a decline, but strong buying reactions may target $36,600.</li>
 <li>If the $37,700 resistance isn’t breached, the decline could persist, with $34,778 as a key support level.</li>
</ul>
<p><strong>Bitcoin is approaching the $36,700 support zone. A decline may be expected below $35,500, while an upward movement can be anticipated above $36,600. However, if the $37,700 resistance is not overcome, the downward trend may persist. Investors should closely monitor the specified levels.</strong></p>
<h2 id="strong-medium-term-btc-analysis-strong"><strong>MEDIUM-TERM BTC ANALYSIS</strong></h2>
<figure id="attachment_131326" aria-describedby="caption-attachment-131326" style="width: 100%" class="wp-caption alignnone"><a href="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/btc-usdt-4h-scaled.webp?quality=70&amp;ssl=1" rel="noopener noreferrer nofollow"><img loading="lazy" decoding="async" class=" td-modal-image wp-image-131326 size-full" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/btc-usdt-4h-scaled.webp?resize=696%2C335&amp;quality=70&amp;ssl=1" alt="BTC/USD Chart 4 Hours" width="696" height="335" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/btc-usdt-4h-scaled.webp?w=2560&amp;quality=70&amp;ssl=1 2560w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/btc-usdt-4h-scaled.webp?resize=300%2C144&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/btc-usdt-4h-scaled.webp?resize=1024%2C493&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/btc-usdt-4h-scaled.webp?resize=768%2C370&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/btc-usdt-4h-scaled.webp?resize=1536%2C739&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/btc-usdt-4h-scaled.webp?resize=2048%2C986&amp;quality=70&amp;ssl=1 2048w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/btc-usdt-4h-scaled.webp?resize=150%2C72&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/btc-usdt-4h-scaled.webp?resize=696%2C335&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/btc-usdt-4h-scaled.webp?resize=1068%2C514&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/btc-usdt-4h-scaled.webp?resize=1920%2C924&amp;quality=70&amp;ssl=1 1920w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/btc-usdt-4h-scaled.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></a>
 <figcaption id="caption-attachment-131326" class="wp-caption-text">
  BTC/USD Chart 4 Hours
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</figure>
<p>When we analyze the 4-hour technical chart of Bitcoin, it is observed that BTC is approaching a significant support zone around $36,700. After rising to <strong>$37,750</strong>, the price experienced a 1.62% decline today.</p>
<p>If Bitcoin closes below $36,700 for a 4-hour period, it may drop to the initial support around $35,500. However, if strong buying reactions occur around the $35,500 level, the price could bounce back to $36,600. On the other hand, if Bitcoin closes below $35,500 and fails to surpass the<strong> $37,700</strong> level, it might continue the downward trend and decline to $34,778. Therefore, BTC investors should carefully monitor the specified critical support levels.</p>
<p>If Bitcoin manages to secure strong buying reactions above $36,700, closing daily above the indicated gray zone support, the next target could be $38,000. However, if it breaks the mentioned gray zone support, it might sustain the downward movement towards <strong>$33,680</strong>.</p>
<p>Investors should pay close attention to price movements both above and below the levels specified in this analysis.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/bitcoin-could-extend-its-decline-to-critical-support/">Bitcoin Could Extend Its Decline to Critical Support! Updated BTC Analysis</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>
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Bitcoin Could Extend Its Decline to Critical Support! Updated BTC Analysis

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