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Bitcoin Rallies Over 12%, Why This Could Be Major Trend Change
BTCUSDT
, 60
BTCUSDT: Bitcoin Rallies Over 12%, Why This Could Be Major Trend Change

BTC was able to start a major increase after it cleared the $38,800 resistance zone yesterday afternoon. There was a break above a key bearish trend line with resistance near $38,000 on the hourly chart of the BTC/USDT pair. It opened the doors for a sharp increase above the $40,000 resistance and the 100 hourly simple moving average. The price rallied over 12%...

Bitcoin Faces Rejection, Why BTC is Vulnerable Below $37K
BTCUSDT
, 60
BTCUSDT: Bitcoin Faces Rejection, Why BTC is Vulnerable Below $37K

Bitcoin failed to clear the $39,500 resistance zone. There was a sharp decline below the $38,500 level and the 100 hourly simple moving average. Besides, there was a break below a key rising channel with support near $38,250 on the hourly chart of the BTC/USDT pair. Bitcoin price traded below $36,000 and a low is formed near $34,332. It is now consolidating...

Bulls Pushed Bitcoin Price, Why Recovery Could Face Hurdles?
BTCUSDT
, 60
BTCUSDT: Bulls Pushed Bitcoin Price, Why Recovery Could Face Hurdles?

Bitcoin price found support near the $36,350 after a sharp decline. BTC formed a base and started a recovery wave above the $37,000 level. The price was able to surpass the $37,500 resistance level. The bulls pushed the price above the $38,000 level several hours ago and showed a continuous upward trend. However, the price is facing a resistance near the $39,200...

Bitcoin Topside Bias Vulnerable If It Continues To Plunge
BTCUSDT
, 60
BTCUSDT: Bitcoin Topside Bias Vulnerable If It Continues To Plunge

Bitcoin price failed to test the $45,000 resistance and started a downside correction. BTC declined below the $44,000 support level to move into a short-term consolidation phase. BTC must stay above $43,180 to avoid a sharp decline in the near term. The price is trading below $43,500 and the 100 hourly simple moving average. There is also a key bearish trend line...

Why Bitcoin Needs To Clear $43,800 For Hopes of a Fresh Rally
BTCUSDT
, 60
BTCUSDT: Why Bitcoin Needs To Clear $43,800 For Hopes of a Fresh Rally

Bitcoin is recovering losses and trading above $43,000. BTC must clear $43,800 to continue higher in the near term. Bitcoin price extended decline below the $42,000 support zone yesterday. However, BTC found support above the $41,500 zone. A low was formed near $41,573 and the price started a decent recovery wave. There was a break above the $42,000 and $42,500...

Bitcoin Holds Uptrend Support, Why 100 SMA Is The Key
BTCUSDT
, 60
BTCUSDT: Bitcoin Holds Uptrend Support, Why 100 SMA Is The Key

Bitcoin remained well supported near the $42,700 support zone. BTC is rising and might accelerate higher above $44,850 in the near term. Bitcoin price started a downside correction below the $44,000 level. BTC even declined below the $43,000 level, but the bulls appeared near the $42,700 zone. The price also remained stable above $42,500 and the 100 hourly...

Why Bitcoin is At Risk of Drop Below $42,500 In Short-term
BTCUSDT
, 60
BTCUSDT: Why Bitcoin is At Risk of Drop Below $42,500 In Short-term

Bitcoin extended increase above the $44,000 resistance zone. BTC is correcting gains and might decline further if it breaks the $42,800 support.   Bitcoin price remained in a positive zone above the $42,000 level. BTC gained pace for a move above the $44,000 and $44,500 levels yesterday. It even surpassed the $45,000 level and settled above the 100 hourly simple...

Bitcoin Resumes Decline, Why Bulls Might Struggle In Near-term
BTCUSDT
, 60
BTCUSDT: Bitcoin Resumes Decline, Why Bulls Might Struggle In Near-term

Bitcoin price attempted a move towards the $40,000 resistance zone at the beginning of February. However, BTC failed to gain pace above the $39,250 zone. A high was formed near $39,290 and the price started a fresh decline. There was a clear move below the $38,000 support level and the 100 hourly simple moving average. Besides, there was a break below a major...

Bitcoin Near Crucial Juncture: Why BTC Could Surge Further
BTCUSDT
, 60
BTCUSDT: Bitcoin Near Crucial Juncture: Why BTC Could Surge Further

Bitcoin price corrected lower below the $38,000 pivot level. BTC even traded below $37,000, but the bulls were active near the $37,650. A low was formed near $36,667 and the price started a fresh increase. There was a clear move above the $37,500 resistance zone and the 100 hourly simple moving average. Besides, there was a break above a major bearish trend line...

Bitcoin Fails Near Key Zone, Can Bulls Save The Day
BTCUSDT
, 60
BTCUSDT: Bitcoin Fails Near Key Zone, Can Bulls Save The Day

Bitcoin price started a recovery wave above the $36,000 and $37,000 levels yesterday. BTC was even able to clear the $37,500 level and the 100 hourly simple moving average. However, the bulls faced a strong resistance near the $38,200 and $38,500 levels. A high was formed near $38,490 and the price started a fresh decline. There was a break below the $37,200...

Bitcoin Starts Recovery, Why $38K Is The Key For Reversal
BTCUSDT
, 60
BTCUSDT: Bitcoin Starts Recovery, Why $38K Is The Key For Reversal

Bitcoin price extended decline below the $35,000 and $34,000 support levels yesterday. It even spiked below the $33,000 level. A low was formed near $32,940 and the price recently started a recovery wave. There was a break above the $35,000 and $35,500 resistance levels. There was a break above a major bearish trend line with resistance near $35,450 on the...

Why Bitcoin Needs To Clear $42,500 For Hopes of a Fresh Rally
BTCUSDT
, 60
BTCUSDT: Why Bitcoin Needs To Clear $42,500 For Hopes of a Fresh Rally

Bitcoin price struggled to start a decent recovery wave and extended decline below $42,500. BTC even broke the $41,500 support level and settled below the 100 hourly simple moving average. A low was formed near $41,159 and the price is now correcting higher. There was a move above the $41,800 resistance zone. On the upside, an initial resistance is near the...

BTC Indicators Suggest A Strengthening Case For Move Below $40K
BTCUSDT
, 60
BTCUSDT: BTC Indicators Suggest A Strengthening Case For Move Below $40K

Bitcoin price failed to accelerate higher above the $43,500 resistance zone. As a result, there was a bearish reaction below the $43,000 pivot level. The price traded below the $42,500 and $42,000 support levels. It even traded close to $41,500 and settled below the 100 hourly simple moving average. A low was formed near $41,579 before the price started an upside...

Bitcoin Price Rally Pauses But Upsides Could Restart
BTCUSDT
, 60
BTCUSDT: Bitcoin Price Rally Pauses But Upsides Could Restart

Bitcoin price gained pace after there was a close above the $42,000 resistance zone. BTC even climbed above the $43,200 resistance zone and a close above the 100 hourly simple moving average. The price even spiked above the $44,000 level. A high is formed near $44,348 and the price is now correcting gains. It traded below the $44,000 support level. Besides,...

Bitcoin Bounces To $42K, Why BTC Could Recover To $43.5K
BTCUSDT
, 60
BTCUSDT: Bitcoin Bounces To $42K, Why BTC Could Recover To $43.5K

Yesterday, Bitcoin price extended decline below the $40,500 support level. BTC even spiked below the $40,000 level and traded as low as $39,659. Recently, there was a sharp recovery wave above the $40,000 level. The price climbed higher above the $40,500 and $41,200 resistance levels. Besides, there was a break above a key bearish trend line with resistance near...

Bitcoin Plunges Below Key Support, Turn Sell On Rallies
BTCUSDT
, 60
BTCUSDT: Bitcoin Plunges Below Key Support, Turn Sell On Rallies

Bitcoin price failed to clear the $47,500 resistance zone and started a major decline. BTC declined heavily below the $46,000 and $45,000 levels. The bears even pushed the price below the $43,000 level. A low is formed near $42,505 and the price is now consolidating losses. After unsuccessful pullback, BTC now falls to a low near $42500 again. Bitcoin is trading...

Bitcoin Turns Lower, Why Bulls Could Struggle In Near Term?
BTCUSDT
, 60
BTCUSDT: Bitcoin Turns Lower, Why Bulls Could Struggle In Near Term?

Bitcoin price failed to climb above $48,000 and started another decline. BTC traded below the $47,500 and $47,200 levels to move further into a bearish zone. The price even moved below the $46,500 level and the 100 hourly simple moving average. A low was formed near $45,707 and the price is now consolidating losses. Bitcoin price is now trading below $47,000 and...

Bitcoin Turns Sell on Rallies Towards $48K, Bears In Action
BTCUSDT
, 60
BTCUSDT: Bitcoin Turns Sell on Rallies Towards $48K, Bears In Action

Bitcoin price failed to recover above $48,800 and started another decline. BTC traded below the $48,500 and $47,500 levels to move further into a bearish zone. The decline gained pace below the $47,000 level. A low is formed near $46,120 and the price is now consolidating losses. Bitcoin is trading below $48,000 and the 100 hourly simple moving average. An...

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