{"id":366479,"date":"2018-12-26T06:00:58","date_gmt":"2018-12-26T06:00:58","guid":{"rendered":"https:\/\/wncen.com\/?p=366479"},"modified":"2024-06-11T13:32:40","modified_gmt":"2024-06-11T13:32:40","slug":"bitcoin-price-watch-btc-basing-for-next-bullish-wave-above-4k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-watch-btc-basing-for-next-bullish-wave-above-4k\/","title":{"rendered":"Bitcoin Price Watch: BTC Basing For Next Bullish Wave Above $4K"},"content":{"rendered":"
Key Points<\/p>\n
Bitcoin price found support near the $3,680 level against the US Dollar. BTC might soon start a fresh bullish wave above the $4,000 resistance.<\/em><\/p>\n Yesterday, we saw a major downside correction<\/a> in bitcoin price below the $4,000 support against the US Dollar. The BTC\/USD pair even declined below the $3,800 support before buyers appeared near the $3,680 level. A low was formed at $3,684 and later the price started a fresh upward move. The price moved above the $3,750 resistance to start a fresh upward move.<\/p>\n It even broke the 23.6% Fib retracement level of the last decline from the $4,249 high to $3,684 low. Moreover, there was a break above a short term declining channel with resistance at $3,800 on the hourly chart of the BTC\/USD pair. The pair is now trading nicely above the $3,800 level, with an immediate resistance near the 100 hourly simple moving average and $3,950. The next resistance is $4,000 and the 50% Fib retracement level of the last decline from the $4,249 high to $3,684 low. Therefore, if the price corrects further<\/a> higher, it could find resistance near the $3,950 and $4,000 resistances.<\/p>\n <\/p>\nBitcoin Price Analysis<\/h3>\n