{"id":373762,"date":"2019-03-07T06:30:33","date_gmt":"2019-03-07T06:30:33","guid":{"rendered":"https:\/\/wncen.com\/?p=373762"},"modified":"2024-06-11T12:47:00","modified_gmt":"2024-06-11T12:47:00","slug":"bitcoin-price-watch-btc-comeback-is-on-the-cards","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-watch-btc-comeback-is-on-the-cards\/","title":{"rendered":"Bitcoin Price Watch: BTC Comeback Is On The Cards"},"content":{"rendered":"
Bitcoin price climbed higher slowly above $3,840 and $3,860 against the US Dollar. BTC could continue higher towards the $4,200 resistance, with supports at 3,820 and $3,760.<\/em><\/p>\n In the past two days, there was a solid comeback<\/a> by bitcoin price above the $3,760 resistance against the US Dollar. The BTC\/USD pair followed a bullish structure and broke the $3,820 resistance level. There was even a close above the $3,800 level and the 100 hourly simple moving average. Later, there were a couple of rejections near the all-important $3,860 resistance. Finally, buyers gained momentum and pushed the price above the $3,860 resistance. A new weekly high was formed at $3,892 and the price is currently placed nicely in an uptrend.<\/p>\n It recently corrected below $3,880 and the 23.6% Fib retracement level of the recent rise from the $3,823 low to $3,892 high. However, there is a good support forming near the $3,850 level. It coincides with the 50% Fib retracement level of the recent rise from the $3,823 low to $3,892 high. More importantly, there is a key bullish trend line formed with support at $3,850 on the hourly chart of the BTC\/USD pair. If there is a downside break<\/a> below the trend line, the price could test the $3,820 support level.<\/p>\n On the other hand, if the price clears the $3,890 and $3,900 resistance levels, there are high chances of more gains. The next key target for buyers could be $4,000, above which the gates could open for a test of $4,200. An intermediate resistance is near the $4,120 level.<\/p>\n <\/p>\nBitcoin Price Analysis<\/h2>\n