Rule

Bitcoin

<h2 id="bitcoin-is-facing-challenges-in-establishing-stability-above-38-000">Bitcoin is facing challenges in establishing stability above $38,000.</h2>
<ul>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar Technical Analysis</a>, The 4H chart shows that the BTC/USD pair has formed an ascending channel in the past two months.</li>
 <li><a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" class="f-link" rel="noopener noreferrer nofollow">Bitcoin </a>attempted to breach the upper side of the channel but was unsuccessful, leading to a subsequent fall.</li>
 <li>Bulls are facing challenges in overcoming the $38,000 resistance.</li>
 <li>Bitcoin's daily chart reveals the formation of a bullish flag pattern.</li>
 <li>Despite this pattern, BTC is encountering difficulties in achieving a breakout.</li>
 <li>A successful bullish breakout from the flag pattern has the potential to propel BTC's price above $40,000.</li>
</ul>
KEY LEVELS : 
RESISTANCE LEVEL : $37,500-$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-Dollar 37,100: Bears Rule as Bulls Retreat

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