{"id":375874,"date":"2019-03-25T06:30:04","date_gmt":"2019-03-25T06:30:04","guid":{"rendered":"https:\/\/wncen.com\/?p=375874"},"modified":"2024-06-11T13:38:57","modified_gmt":"2024-06-11T13:38:57","slug":"bitcoin-btc-price-wont-go-quietly-risk-of-break-grows","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-btc-price-wont-go-quietly-risk-of-break-grows\/","title":{"rendered":"Bitcoin (BTC) Price Won’t Go Quietly, Risk of Break Grows"},"content":{"rendered":"
Bitcoin price seems to be preparing for the next break against the US Dollar. BTC is likely to climb above the $4,000 barrier unless buyers fail to defend the $3,960 and $3,940 support levels.<\/em><\/p>\n Recently, bitcoin price rebounded nicely<\/a> after trading as low as $3,872 against the US Dollar. The BTC\/USD pair gained traction and traded above the $3,940 and $3,960 resistance levels. However, the $4,000 level acted as a strong resistance and prevented further gains. A swing high was formed near $3,999 and later the price corrected lower. There was a dip below the $3,980 level and the 23.6% Fib retracement level of the last wave from the $3,872 low to $3,999 high.<\/p>\n However, the key $3,940 support area acted as a strong barrier for sellers. The price found support just above $3,940 and the 50% Fib retracement level of the last wave from the $3,872 low to $3,999 high. It is currently moving higher and trading near the $3,980 resistance. There is also a key bearish trend line formed with resistance at $3,980 on the hourly chart of the BTC\/USD pair. Above the trend line, the 100 hourly SMA is positioned near the $3,985 level.<\/p>\n Therefore, a break above the trend line, the 100 hourly SMA, and $4,000 is must for buyers to gain control. Above $4,000, the next key resistance<\/a> is near the $4,020 level, above which the price is likely to test the $4,045 resistance. On the downside, an initial support is at $3,960. However, the main support is near $3,940, which may continue to hold losses.<\/p>\n <\/p>\nBitcoin Price Analysis<\/h2>\n