Bitcoin

Daily

<h2 id="bitcoin-stabilizes-above-40-000-faces-hurdles-at-43-500">Bitcoin stabilizes above $40,000, faces hurdles at $43,500.</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>, Bitcoin price formed a base above the $40,000 support zone.&nbsp;</li>
 <li><a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" class="f-link" rel="noopener noreferrer nofollow">BTC </a> is now struggling to clear the $43,500 resistance zone and consolidating.</li>
 <li>The retracement revisits the previously breached resistance trendline of a former upward channel.</li>
 <li>Daily chart indicates a potential bullish morning star candle pattern.</li>
 <li>BTC encounters resistance from the 100-period two-hourly moving average on the 2-hour chart.</li>
 <li>On the hourly chart, BTC breached the Bearish Flag pattern and traded higher.</li>
 <li>On the Daily chart, BTC Invalidate the Rounding Top Pattern and trading higher.</li>
 <li>The main question is that will BTC breach $43500 and $45000 level and touch $50000?</li>
 <li>Or will it breach $40000 and come back towards $35000?</li>
</ul>
KEY LEVELS : 
RESISTANCE LEVEL : $43,100-$43,600 
SUPPORT LEVEL : $42,500-$42,000 
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.

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