According to Coingabbar Technical Analysis, Bitcoin is poised to surpass the $38,000 resistance, aiming for a bullish surge beyond $40,000 for the first time since April 2022.
Bitcoin stayed strong, steadily rising above the $37,500 resistance.
Bulls are facing challenges in overcoming the $38,000 resistance.
The question remains: Will BTC overcome the upcoming test and break the barrier?
Successful breakthrough past this level could open the path for further upward movement to $40,000.
Failure to breach the $38,000 hurdle may trigger a downside pullback, with a potential retreat toward the $35,000 support level.
KEY LEVELS :
RESISTANCE LEVEL : $37,900-$38,200
SUPPORT LEVEL : $37,200-$36,800
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
