Bitcoin

<h2 id="span-data-font-font-size-style-font-size-20px-bitcoin-has-surged-by-more-than-5-surpassing-the-40-000-resistance-br-span">Bitcoin has surged by more than 5%, surpassing the $40,000 resistance. </h2>
<ul>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" class="f-link">Coingabbar Technical Analysis</a>, Bitcoin breaks crucial resistance of $40,000, signaling the start of a historic bull run.</li>
 <li>With four consecutive bullish days, <a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" class="f-link">Bitcoin</a> regains momentum, crossing the $40,000 mark after a 19-month wait.</li>
 <li>The price surges over 5%, continuing its upward trend towards the $42,000 resistance.</li>
 <li>After a bullish reversal within a flag pattern, buyers successfully extend the upward trend, achieving an 11% surge over the past four days.</li>
 <li>BTC trades above both $40,000 and the 50-hourly Simple Moving Average, breaking the extended channel pattern.</li>
 <li>The $42,000 psychological barrier may introduce supply pressure as prices continue to rise.</li>
 <li>Recent advances drive BTC towards the upper resistance of a symmetrical triangle, and a weekly close above $42,000 could initiate a move beyond the pattern, targeting the next resistance above $46,000.</li>
 <li>A slight pullback is conceivable, especially if a strong non-farm payroll figure influences expectations of rate cuts in 2024.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $42,000-$42,500
SUPPORT LEVEL : $41,200-$40,800
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 ANALYSIS: Bitcoin's Battle: Clearing the Hurdle or Stumbling

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