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TA: Bitcoin Consolidates Below $35K, What Could Trigger Fresh Rally Reading Time: 2 mins read Bitcoin price is holding gains above the $33,000 support zone against the US Dollar. BTC could start a fresh increase as long as it is above the $33,000 zone. Bitcoin corrected lower, but the bulls remained active above the $33,000 zone. The price is now trading just below the $34,500 support and the 100 hourly simple moving average. There is a major contracting triangle forming with support near $33,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a decent in...

TA: Bitcoin Prints Bearish Technical Pattern, Why It Could Revisit $32.2K Reading Time: 2 mins read Bitcoin price is correcting gains and it is trading well below $35,000 against the US Dollar. BTC could decline further if it stays below $34,400. Bitcoin started a downside correction below the $35,000 and $34,000 levels. The price is now trading below the $34,000 support and the 100 hourly simple moving average. There is a key contracting triangle forming with support near $33,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could decline further if it breaks the ...

TA: Bitcoin Correcting Gains, What Could Trigger Fresh Rally Reading Time: 2 mins read Bitcoin price is correcting gains from well above $35,000 against the US Dollar. BTC is likely to find a strong support near the $34,000 zone in the near term. Bitcoin started a downside correction from the $36,000 zone. The price is now approaching the $34,000 support and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $35,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to find a strong buying interest near $...

TA: Bitcoin Price Reaches Key Support, Why BTC Could Start Fresh Increase Reading Time: 2 mins read Bitcoin price is correcting gains from well above $35,000 against the US Dollar. BTC is approaching a major suppot near $32,350, where the bulls might take a stand. Bitcoin started a downside correction from the $36,650 zone. The price is now trading below $34,500 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $33,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to start a fresh increase as long as ...

TA: Why Bitcoin Price Could Turn Bearish Again If It Breaks $34K Reading Time: 2 mins read Bitcoin price failed to stay above the key $35,000 support zone against the US Dollar. BTC is declining and it could slide heavily if there is a close below $34,000. Bitcoin started a fresh decline from well above the $36,500 level. The price is now trading near $34,500 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $35,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to accelerate lower if there is a cl...