Cryptocurrency

Bitcoin

Resistance

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<p>According to <a href="https://twitter.com/misterrcrypto/status/1730492930165551551?t=WMQZPaPo-K4wPh1VEE91lg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">crypto trader <strong>Mister Crypto</strong>,</a> if Bitcoin closes above $38,000, it will be “game over for all $BTC bears.” This key resistance level has held for the past month, but increasing signs point to a breakthrough as Bitcoin continues its recovery.</p>
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<p>Cryptocurrency analyst <a href="https://twitter.com/amnashk500/status/1730536973092401367?t=Zi119-hSZ5K6W-darkLspw&amp;s=19" target="_blank" rel="noopener noreferrer nofollow"><strong>amna786</strong> provided</a> an in-depth technical analysis, explaining that buyers continue to push towards $38,000. “While we haven’t seen a confident consolidation above this level yet, the MACD crossover along with increasing volumes indicate the ongoing dominance of buyers,” she wrote.</p>
<p><strong>Amna</strong> further explained that for now, Bitcoin remains within a growing parallel channel. The priority scenario is for Bitcoin to consolidate above the key resistance zone between $38,000-$38,750 before forming a broader upside impulse above it. “Most indicators suggest the development of such a scenario. So, in the near future, I expect a breakthrough of resistance and a continuation of the movement towards $40,000,” she concluded.</p>
<h2 class="wp-block-heading" id="traders-agree-on-likely-breakout">Traders Agree on Likely Breakout</h2>
<p>The analysis from <strong>Mister Crypto</strong> and <strong>amna</strong> point to a likely breakout as Bitcoin tests the critical resistance around $38,000. Other traders also chimed in with similar opinions. <strong><a href="https://twitter.com/em_creatives/status/1730561254711075009?t=EGnCgTIIXJpGF0ZbeANu6g&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Emerlyn Bequio</a></strong> simply stated that with Bitcoin hitting $38k recently, “I think we will see $40k soon.”</p>
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<h2 class="wp-block-heading" id="next-price-target-if-resistance-breaks">Next Price Target if Resistance Breaks</h2>
<p>If Bitcoin can confidently close above $38,000 and consolidate, experts widely agree the next target is $40,000. <strong>Amna</strong> specifically called for “a continuation of the movement towards $40,000” if Bitcoin breaks above the channel its trading in. With key resistance showing signs of breaking down, Bitcoin may soon be on its way back to $40k if it can hold these gains.</p>
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<p>The post <a href="https://captainaltcoin.com/bitcoin-breaking-this-next-resistance-will-signal-game-over-for-btc-bears-experts-agree-on-breakout-price-target/" rel="noopener noreferrer nofollow">Bitcoin Breaking This Next Resistance Will Signal Game Over for BTC Bears: Experts Agree on Breakout Price Target</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin Breaking This Next Resistance Will Signal Game Over for BTC Bears: Experts Agree on Breakout Price Target

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