FOMC

Bitcoin

<h2 id="span-data-font-font-size-style-font-size-20px-bitcoin-holds-35-500-support-dips-could-attract-buyers-span-span-style-font-size-18px-span-br">Bitcoin holds $35,500 support; dips could attract buyers. </h2>
<ul>
 <li><a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" class="f-link" rel="noopener noreferrer nofollow">Bitcoin's</a> recent climb has faced barriers near the $38K threshold.</li>
 <li>Bitcoin prices saw a decline today following the release of the latest FOMC minutes.</li>
 <li>Buyers anticipate initial support at the mid-boundary of the ascending channel on the long time frame work and the $35,00 support zone.</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" rel="noopener noreferrer nofollow">Coingabbar Technical Analysis</a>, Triple-top pattern identified, signaling a bearish outlook.</li>
 <li>Extended bearish divergence between price and RSI signals short-term decline, reflecting weakened bullish momentum.</li>
 <li>Bitcoin price retraced to the lower side of the ascending channel before rebounding on the 4-hour chart.</li>
 <li>A Bearish Engulfing pattern emerged on the daily BTC chart, suggesting weakness.</li>
 <li>Bitcoin is trading between key levels: seller congestion at $38,000 and support at $36,000.</li>
 <li>Trading on either side of this range holds the potential for bullish or bearish outcomes for BTC.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $37,000-$37,500
SUPPORT LEVEL : $36,300-$35,700
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 TECHNICAL ANALYSIS CMP-Dollar 36,680: Buying seen during Dips

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