TA: Bitcoin Topside Bias Vulnerable If It Continues To Struggle Below $38K
Bitcoin stayed above the $36,000 support zone against the US Dollar. BTC is now rising, but it could face hurdles near $37,800 and $38,000. Bitcoin started a decent recovery wave from the $36,400 zone. The price is still trading below $38,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $37,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear $37,800 and $38,000 to start a steady increase in the near term. Bitcoin Price Corrects Losses Bitcoin price started a steady decline from well above the....
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