Bitcoin

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<ul>
 <li>The crypto market shows about a 2% positive trend with the leading cryptocurrency Bitcoin reclaiming the $38,000 level.</li>
 <li>According to an analyst, the BTC price is at a point to test an upward breakout due to Bitcoin frequently setting new high-low levels.</li>
 <li>Positively, the Relative Strength Index (RSI) indicates a sharp rise in the average, emphasizing an increasing price movement for Bitcoin.</li>
</ul>
<p><strong>If the Bitcoin price can successfully stay above this critical resistance level, the next target could be $39,000!</strong></p>
<h2 id="strong-bitcoin-price-trading-above-38-000-strong"><strong>Bitcoin Price Trading Above $38,000</strong></h2>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-126543" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-45.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="Bitcoin-BTC" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-45.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-45.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-45.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-45.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-45.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-45.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-45.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p>
<p>The crypto market shows about a 2% positive trend with the leading cryptocurrency Bitcoin reclaiming the $38,000 level. Major cryptocurrencies have recently recorded significant price movements, and key tokens have achieved new annual highs.</p>
<p>On the other hand, the BTC price continues its struggle to break the key resistance level of $38,250, as the price is consistently being rejected. Currently, Bitcoin is fluctuating around $38,100, and it is expected to test the key level in the near future, with unpredictable results.</p>
<p>Renowned crypto analyst Michael Van De Poppe posted a tweet about the possible price movement for the star cryptocurrency. According to the analyst, the BTC price is at a point to test an upward breakout due to Bitcoin frequently setting new high-low levels. This also indicates a strong bullish effect in the market.</p>
<p>The BTC price surpassed $35,000 for the first time earlier this month, leading to a significant price movement in the market. Afterward, the price continued to gain momentum but was rejected above $38,000.</p>
<p>The price then recorded a low around $36,000, after which bulls gained momentum and bounced back, but the price was rejected in the same range. This later led to the coin forming a positive upward trend. The resistance zone around $38,250 indicates a strong liquidation point where the star cryptocurrency is consistently being rejected.</p>
<h2 id="strong-will-btc-price-soon-reach-40-000-strong"><strong>Will BTC Price Soon Reach $40,000?</strong></h2>
<p>Positively, the Relative Strength Index (RSI) indicates a sharp rise in the average, emphasizing an increasing price movement for Bitcoin. Also, the average is moving toward the overbought range, indicating the likelihood of a bullish reversal soon.</p>
<p>If bulls gain strength and keep the price above the key level of $38,250, the BTC price will gain momentum and soon prepare to test the upper resistance level of $39,001.86. Maintaining the price at this level will allow Bitcoin to attempt $40,000 by the end of the year.</p>
<p>On the other hand, if bears overpower bulls, the price will lose momentum and soon test the support level of $37,033. Additionally, if a trend reversal occurs, the price is expected to face a significant correction, potentially dropping to $30,000 later this year.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/if-bitcoin-price-holds-above-this-level-it-could-rise-to-39000/">If Bitcoin Price Holds Above This Level, It Could Rise to $39,000!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>
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If Bitcoin Price Holds Above This Level, It Could Rise to $39,000!

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