{"id":571358,"date":"2024-01-25T03:08:12","date_gmt":"2024-01-25T03:08:12","guid":{"rendered":"https:\/\/wncen.com\/?p=571358"},"modified":"2024-06-11T07:42:12","modified_gmt":"2024-06-11T07:42:12","slug":"bitcoin-price-at-make-or-break-moment-38500","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-at-make-or-break-moment-38500\/","title":{"rendered":"Bitcoin Price At Make-Or-Break Moment, Key Levels To Watch"},"content":{"rendered":"
Bitcoin price started an upside correction from the $38,500 support zone. BTC could gain bullish momentum if it clears the $40,500 resistance zone.<\/em><\/p>\n
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Bitcoin price is attempting a recovery wave from the $38,500 support zone.<\/li>\n
The price is trading below $40,000 and the 100 hourly Simple moving average.<\/li>\n
There is a major bearish trend line forming with resistance near $40,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair might struggle to recover above the $40,400 and $40,500 resistance levels.<\/li>\n<\/ul>\n
Bitcoin Price Attempts Recovery<\/h2>\n
Bitcoin price extended its decline below the $40,000 support zone. BTC even spiked below the $49,200 level and tested the $38,500 support zone. A new weekly low was formed near $38,518 and the price started an upside correction<\/a>.<\/p>\n