{"id":454759,"date":"2021-01-19T03:28:42","date_gmt":"2021-01-19T03:28:42","guid":{"rendered":"https:\/\/wncen.com\/?p=454759"},"modified":"2024-06-11T10:55:45","modified_gmt":"2024-06-11T10:55:45","slug":"bitcoin-remains-at-risk-38k-key","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-remains-at-risk-38k-key\/","title":{"rendered":"TA: Bitcoin Remains At Risk, Why $38K Holds The Key For Fresh Surge"},"content":{"rendered":"
Bitcoin price is struggling to gain momentum above $37,500 and $37,800 against the US Dollar. BTC could decline again if it breaks the $36,000 support zone.<\/em><\/p>\n
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Bitcoin is facing a strong resistance near the $37,800 and $38,000 resistance levels.<\/li>\n
The price is now trading just above the $36,500 support and the 100 hourly simple moving average.<\/li>\n
There is a key contracting triangle forming with support near $36,100 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair must clear the $38,000 resistance to start a fresh surge in the near term.<\/li>\n<\/ul>\n
Bitcoin Price is Facing Uphill Task<\/h2>\n
After a decent close above $35,000, bitcoin price started a fresh upward move. BTC broke the $35,500 and $36,000 resistance levels to move into a short-term bullish zone.<\/p>\n