TA: Bitcoin Topside Bias Vulnerable, Why BTC Could Dive Below $35K
TA: Bitcoin Topside Bias Vulnerable, Why BTC Could Dive Below $35K Reading Time: 2min read Bitcoin price is facing a couple of strong hurdles near $36,750 and $37,800 against the US Dollar. BTC could decline heavily if it breaks the $34,800 support zone. Bitcoin is struggling to gain bullish momentum above the $36,750 and $38,000 resistance levels. The price is now trading well below $38,000 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $36,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to ac...
Source: newsbtc.com