Rally

Bitcoin

Resistance

Shiba Inu

<p>In a series of tweets, <a href="https://twitter.com/AltCryptoGems/status/1751219388013846539?t=TklJtFECyZBsQJYURxaPqQ&amp;s=19" target="_blank" rel="nofollow">crypto trader Sjuul (@AltCryptoGems)</a> provided some technical analysis on the recent price action of Bitcoin (BTC). Sjuul first noted that while the daily timeframe remains in an uptrend, lower timeframes paint a more mixed picture.</p> 
<p><strong>Bitcoin Must Break This Key Resistance </strong><br>Specifically, Sjuul pointed out that the 4-hour chart has turned bearish, with lower highs and lower lows. To flip bullish again, Bitcoin needs to trade above $43.5k to post a fresh higher high.</p> 
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<p>For now, Bitcoin’s reclaim of support around $40k is a positive development, allowing it to rally back into its recent range. Bulls need to hold this level and push through resistance at $42.5k.</p>  
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<p><strong>Upside Invalidated Under $35k-33.5k </strong><br>On the downside, losing the $40k area would open up a drop to support at $35k-33.5k, around the daily moving averages. For now, Sjuul is hopeful upside can continue if Bitcoin holds supports and breaks through near-term resistance.</p> 
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<p>The post <a href="https://captainaltcoin.com/bitcoin-bulls-hopeful-after-btc-micro-rally-but-this-resistance-must-break-first-before-further-upside/">Bitcoin Bulls Hopeful After BTC Micro Rally But This Resistance Must Break First Before Further Upside</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Bitcoin Bulls Hopeful After BTC Micro Rally But This Resistance Must Break First Before Further Upside

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