Bitcoin

<h2 id="span-data-font-font-size-style-font-size-20px-bitcoin-is-experiencing-a-decline-hovering-near-the-37-000-threshold-br-span">Bitcoin is experiencing a decline, hovering near the $37,000 threshold </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>, Over the last two weeks, <a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" class="f-link" rel="noopener noreferrer nofollow">Bitcoin's</a> price has stabilized following a surge to $38,400 on November 24.</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 currently at a critical juncture, with a resistance zone at $38,000 and crucial support levels, such as the static $35,000 support and the midpoint of the ascending channel.</li>
 <li>Examining the 4-hour chart reveals the consolidation reaching the pivotal $38,000 resistance, forming a rising wedge pattern.</li>
 <li>The presence of the rising wedge, coupled with an expanded bearish divergence between the price and RSI, suggests the potential for a short-term retracement.</li>
 <li>If sellers take control and breach the lower boundary of the wedge, a temporary correction phase is likely, marked by continuous declines.</li>
 <li>Key support levels in this scenario include the static $35,000 support level</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $37,400-$38,000
SUPPORT LEVEL : $36,750-$36,300
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 TECHNICAL ANALYSIS-Dollar 37,150: BTC stuck in range,What next

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Coingabbar

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