Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»Bitcoin price returns to key resistance as bulls target $40K.
EXCHANGE NEWS

Bitcoin price returns to key resistance as bulls target $40K.

By Crypto FlexsNovember 25, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin price returns to key resistance as bulls target K.
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin price cut all losses and rose above $37,000. BTC is now eyeing a major upside reversal above the $37,750 and $38,000 resistance levels.

  • Bitcoin is showing positive signs and is testing the resistance of $37,750.
  • The price is trading above $37,000 and the 100-hour simple moving average.
  • On the hourly chart of the BTC/USD pair (data feed from Kraken), a breakout occurred above a major bearish trendline with resistance near $37,150.
  • Breaking out of the $38,000 resistance area, the pair could begin a major rally.

Bitcoin price gains strength again

As news of Binance’s settlement and CZ’s withdrawal came, the price of Bitcoin began to adjust downward. BTC fell below the $37,000 support level. However, the bulls remained active near the $35,650 support zone.

A low was formed near $35,645 and the price began a new rise. It cut all losses and crossed the $37,000 resistance level. On the hourly chart of the BTC/USD pair, a breakout occurred above the main bearish trendline with resistance near $37,150.

The pair even broke above the $37,500 level and tested the major hurdle at $37,750. Bitcoin is currently trading above $37,000 and the 100-hour simple moving average. It is also above the 23.6% Fib retracement level of the rise from the $35,645 swing low to the $37,777 high.

On the other hand, immediate resistance is close to the $37,750 level. Major resistance is currently forming near the $38,000 level. A break above the $38,0000 resistance could initiate a strong rally.

Source: TradingView.com BTCUSD

The next major resistance level could be near $38,800. A clear break above the $38,800 resistance could push the price further towards the $39,200 level. If specified, $40,000 resistance may also be tested.

Another rejection from BTC?

If Bitcoin fails to rise above the $37,750 resistance zone, a new downtrend could begin. Immediate support for the downside is near the $37,150 level.

The next major support is the 50% Fib retracement level at $36,700 or the rise from the $35,645 swing low to the $37,777 high. There is further downside risk if it falls below $36,700. If indicated, the price may fall towards the $36,150 support in the near term. The next major support or target could be $35,650.

Technical indicators:

Hourly MACD – MACD is now losing speed in bullish territory.

Hourly Relative Strength Index (RSI) – The RSI for BTC/USD is now above the 50 level.

Key support levels – $36,700, then $35,650.

Key resistance levels – $37,750, $38,000 and $38,800.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025

The price of Etherrium surges beyond $ 4,500. -Main level for monitoring more profits

September 12, 2025

Bitcoin Price Struggle $ 113K -Will Bulls take a break?

September 9, 2025
Add A Comment

Comments are closed.

Recent Posts

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025

Stablecoin Holdings Drop As Investors Pivot To SOL, XRP, And Altcoins

September 17, 2025

Flipster Partners With WLFI To Advance Global Stablecoin Adoption Through USD1 Integration

September 17, 2025

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025

How XRP Enthusiasts Can Earn $15k/Day

September 16, 2025

Bringing 1R0R To R0AR Chain Unlocks New Incentives

September 16, 2025

As the Air drop recipient is sold, the infinite price is 46% conflict after Binance listing.

September 16, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025
Most Popular

Why did the XRP price drop today?

July 5, 2024

This new token airdrop is supported by Binance

March 4, 2024

Why You Should Care About NFT Security

August 5, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.