Bitcoin

Time

<h2 id="btc-retests-40-000-support-needs-42-500-break-for-positive-trend">BTC retests $40,000 support, needs $42,500 break for positive trend.</h2>
<ul>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" rel="noopener noreferrer nofollow">Coingabbar Technical Analysis</a>, Yesterday, BTC formed a Bearish Engulfing candle, signaling a bearish sentiment.</li>
 <li>Currently <a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" rel="noopener noreferrer nofollow">BTC</a> is trading within a Bearish Flag Pattern on the hourly chart.</li>
 <li>The 4-hour chart illustrates a clear decline today, forming a double top pattern around $44,500, leading to a drop towards the $40,000 zone.</li>
 <li>On the 4-hour chart, Bitcoin has fallen below both the 50-period and 25-period moving averages.</li>
 <li>Additionally, BTC is currently trading within a Rounding Top pattern on the 4-hour chart.</li>
 <li>The RSI is trending downwards below the 50% line, though it has not yet entered oversold territory.</li>
 <li>Anticipated increase in volatility in the coming days, potentially impacting the overall BTC price rally and the year-end closing.</li>
 <li>A potential for bullish momentum if BTC successfully surpasses the $42,350 resistance zone.</li>
 <li>Maintaining support at $40,000 could lead to a recovery, with a target set at the next resistance of $45,000.</li>
 <li>Conversely, a breach of $40,000 support may trigger panic selling, with a potential downward target of $37,500, nearing the channel support.</li>
</ul>
KEY LEVELS : 
RESISTANCE LEVEL : $42,500-$43,000 
SUPPORT LEVEL : $41,400-$40,900 
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 Investor Jitters:Is it Time to Panic or Pounce on Bargain Buys

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