Стаття:
Bitcoin Getting Close to $43K, Further Rally Expected
Bitcoin price started a fresh increase above the $40,000 resistance against the US Dollar. BTC is showing positive signs and it could rally further above $42,000.
Bitcoin started a fresh increase above the $40,000 and $41,000 resistance levels.
There was a break above a major bearish trend line with resistance near $40,500 on the 4-hours chart of the BTC/USD pair.
The pair is now trading well above $40,000 and the 100 simple moving average (4-hours).
A clear break above $42,000 could set the pace for a larger increase in the near term.
The next major resistance is near the $43,200 level. If there is a downside correction, the price might find bids near $41,500 or $41,200.
The next major support is near the $40,000 level, below which the price might test the 100 simple moving average (4-hours).
Technical indicators
4 hours MACD – The MACD for BTC/USD is gaining pace in the bullish zone.
4 hours RSI (Relative Strength Index) – The RSI for BTC/USD is now well above the 50 level.
Major Support Level – $41,200
Major Resistance Level – $43,200
19 грудня 2023
