Bitcoin kritt Momentum erëm, wat kéint zousätzlech Upsides féieren

Bitcoin found support near $35,550 and started a fresh increase against the US Dollar. BTC must clear $38,000 for additional upsides in the near term.

• Bitcoin corrected lower but the bulls were active near the $35,550 zone.
• De Präis handelt elo iwwer $ 37,000 an dem 100 all Stonn einfache bewegt Duerchschnëtt.
• Et war eng Paus iwwer eng gréisser bearish Trendlinn mat Resistenz bei $ 36,500 op der Stonneplang vum BTC / USD Paar (Datenfeed vu Kraken).
• The pair could start a steady increase if there is a clear move above the $38,000 resistance.

Bitcoin Präis fënnt Ënnerstëtzung

Bitcoin price started a downside correction from the $38,500 resistance zone. BTC declined below the $36,500 level and the 100 hourly simple moving average.

However, the bulls were active near the $35,550 zone. A low was formed near $35,550 and the price started a fresh increase. There was a clear move above the $36,200 and $36,500 resistance levels. Besides, there was a break above a major bearish trend line with resistance near $36,500 on the hourly chart of the BTC/USD pair.

The pair is now trading above $37,000 and the 100 hourly simple moving average. It is testing the $37,200 resistance zone. It is near the 50% Fib retracement level of the recent decline from the $38,899 swing high to $35,550 low.

On the upside, an initial resistance is near the $37,250 level. The first major resistance is near the $37,650 zone. It is near the 61.8% Fib retracement level of the recent decline from the $38,899 swing high to $35,550 low.

Quell: BTCUSD op TradingView.com

The main resistance is still near the $38,000 zone. An upside break above the $38,000 resistance could start a steady upward move. The next key resistance is near the $38,500 level, above which the bulls might gain strength.

Méi Verloschter am BTC?

Wann bitcoin net fäeg ass eng nei Erhéijung iwwer $38,000 unzefänken, kann et en anere Réckgang starten. Eng direkt Ënnerstëtzung um Downside ass no bei der $36,500 Zone.

Déi éischt grouss Ënnerstëtzung ass no bei der $35,550 Zone gesi ginn. Eng Downside Paus ënner der $35,550 Support Zone kann vläicht de Präis op d'$34,000 Support Zone drécken.

Technesch Indikatiounen:

Hourly MACD - De MACD gewënnt elo Tempo an der bullish Zone.

All Stonn RSI (Relative Strength Index) - De RSI fir BTC / USD ass elo iwwer dem 50 Niveau.

Major Support Levels - $ 36,500, gefollegt vun $ 35,550.

Major Resistenzniveauen - $ 37,650, $ 38,000 an $ 38,500.