Bitcoin Price Returns To Key Resistance As The Bulls Aim For $40K
Bitcoin price trimmed all losses and climbed above $37,000. BTC is now eyeing a major upside break above the $37,750 and $38,000 resistance levels.
▪︎Bitcoin is showing positive signs and testing the $37,750 resistance.
▪︎The price is trading above $37,000 and the 100 hourly Simple moving average.
▪︎There was a break above a major bearish trend line with resistance near $37,150 on the hourly chart of the BTC/USD pair (data feed from Kraken).
▪︎The pair could start a major increase if it clears the $38,000 resistance zone.
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