FOMC

Bitcoin

Resistance

Read

Chainlink

<p>Bitcoin has seen a remarkable run recently, rallying almost 140% year-to-year. However, some analysts are now eyeing the potential for a pullback or consolidation phase in the near future.</p>
<p>Trader <strong>Justin Bennett</strong> <a href="https://twitter.com/JustinBennettFX/status/1734278797434691933" target="_blank" rel="noopener noreferrer nofollow">notes </a>that a “long overdue pullback” may be brewing for BTC, especially with the FOMC policy meeting later this week.&nbsp;</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="577" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-318-1024x577.png" alt="" class="wp-image-396957" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-318-1024x577.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-318-300x169.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-318-767x432.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-318-1536x865.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-318-2048x1154.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-318-266x150.png 266w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-318-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-318-621x350.png 621w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-318-788x443.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-318.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Losing support around $37,800 could trigger a drop back towards the $32k zone, according to Bennett. For now, he sees potential for more sideways chops between $37.8k and $48k.</p>
<p>Meanwhile, analyst Ali <a href="https://twitter.com/ali_charts/status/1734359407394254963" target="_blank" rel="noopener noreferrer nofollow">warns </a>that beyond the first support level cited by Bennett, there is another key zone between <strong>$37,150 and $38,360</strong> backed by significant holder demand that could halt a steeper BTC pullback. On the flip side, Ali points to upside resistance around $43,850 and $46,400 if bulls regain control.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="384" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-317-1024x384.png" alt="" class="wp-image-396949" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-317-1024x384.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-317-300x113.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-317-768x288.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-317-1536x576.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-317-2048x768.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-317-400x150.png 400w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-317-100x38.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-317-933x350.png 933w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-317-788x295.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-317.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Read also:</p>
<ul>
 <li><a href="https://captainaltcoin.com/polygon-matic-whales-make-mystery-moves-amid-price-plunge/" target="_blank" rel="noopener noreferrer nofollow">Polygon (MATIC) Whales Make Mystery Moves Amid Price Plunge</a></li>
 <li><a href="https://captainaltcoin.com/chainlink-link-signals-breakout-with-eyes-set-on-this-key-resistance/" target="_blank" rel="noopener noreferrer nofollow">Chainlink (LINK) Signals Breakout with Eyes Set on This Key Resistance</a></li>
 <li><a href="https://captainaltcoin.com/battle-for-attention-new-cryptocurrencys-presale-versus-dogecoins-anticipated-surge/" target="_blank" rel="noopener noreferrer nofollow">Battle for Attention: New Cryptocurrency’s Presale Versus Dogecoin’s Anticipated Surge</a></li>
</ul>
<p>With uncertainty hanging over markets ahead of the Fed’s rate decision and recent minutes signaling no policy pivot in the near term, volatility could be in store for Bitcoin this week. Both bulls and bears will be closely eyeing the critical support levels between $37k and $38.3k if selling pressure mounts.</p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy thetrades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/bitcoin-faces-long-overdue-pullback-expert-suggests-that-this-btc-level-will-be-critical/" rel="noopener noreferrer nofollow">Bitcoin Faces “Long Overdue Pullback”, Expert Suggests That This BTC Level Will be Critical</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin Faces “Long Overdue Pullback”, Expert Suggests That This BTC Level Will be Critical

목차

CaptainAltcoin

2023년 12월 12일에 게재된 다른 기사

THIS Crypto BULL RUN Generational Wealth Opportunity

Stablecoin Stability: A Critical Evaluation by S&P Global

From Bear Trap to Bull Run? Bitcoin’s Price Action Signals a Potential Shift

Validator Terra Ajukan Mekanisme Burn Unik untuk Bawa Harga LUNC ke US$1, Apa Mungkin?

Enjinstarter's AYA Gets Conditional Crypto License in Dubai

Whales Continue Accumulation of XRP, FLOKI, and NUGX

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!