Is Bitcoin Headed For A Correction After Brief Recovery; Vital Trading Levels - BitcoinEthereumNews.com
BTC just started to trade above the $40k mark on the four-hour chart. Image Source: बीटीसी / अमरीकी डालर TradingView पर Bitcoin was trading for $40,030 at the time of writing, peeking slightly over the $40,000 mark. The coin had managed to break past its immediate resistance of $40,956 over the last 24 hours. At press time, however, the asset was trading below the aforementioned resistance mark. Consistent push from the bulls over the next trading sessions could push prices up to $42,000. A fall from the current price level would mean that BTC would trade near the $38,000 support line. Failing to stay above this, the next support levels stood at $37,000 and then at $33,000. Trading volume had started to pick up at the time of writing as the last trading session closed in green signifying bullish action. संबंधित पढ़ना | द नाइटली मिंट: डेली एनएफटी रिकैपतकनीकी विश्लेषणBitcoin is still oversold on the four-hour chart. Image Source: बीटीसी / अमरीकी डालर TradingView पर Bitcoin had received a brief recovery in terms of buying pressure, however, after the recent fall buyers exited the market. For most of this month, BTC had witnessed considerably low buying strength. On the Relative Strength Index, the coin was seen below