Satoshi

Bitcoin

<h2 id="span-data-font-font-size-style-font-size-20px-bitcoin-holds-35-500-support-heading-towards-38-000-levels-br-span">Bitcoin holds $35,500 support, heading towards $38,000 levels. </h2>
<ul>
 <li><a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" class="f-link" rel="noopener noreferrer nofollow">Bitcoin</a> has hit the $38,000 level for the third time, undergoing a 3% retracement at the moment.</li>
 <li>Dennis Porter, CEO of Satoshi Action Fund, predicts a pivotal moment for Bitcoin in 2024.</li>
 <li>Buyers found support at the mid-boundary of the ascending channel and subsequently experienced a rise once more.</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>,Both 4-hour Rising Wedge and 12-hour Ascending Triangle patterns have unfolded for BTC.</li>
 <li>Bitcoin has attempted multiple times to surpass the $38,000 resistance but has fallen short.</li>
 <li>The question remains: will BTC break through the barrier in its upcoming test?</li>
 <li>Breaking the 38k resistance by Bitcoin bulls confirms a bullish trend, indicating a potential rise to 41k.</li>
 <li>In a bearish scenario, failure to breach the 38k resistance may lead to a retest of the Rising Wedge, possibly followed by a slight correction.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $37,900-$38,200
SUPPORT LEVEL : $37,200-$36,800
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-Dollar 37,600: Bulls Ready to Storm Through

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