{"id":376253,"date":"2019-03-28T06:30:45","date_gmt":"2019-03-28T06:30:45","guid":{"rendered":"https:\/\/ktsl888.com\/?p=376253"},"modified":"2024-06-11T13:39:02","modified_gmt":"2024-06-11T13:39:02","slug":"bitcoin-btc-price-watch-dips-remain-attractive-to-buyers","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-btc-price-watch-dips-remain-attractive-to-buyers\/","title":{"rendered":"Bitcoin (BTC) Price Watch: Dips Remain Attractive To Buyers"},"content":{"rendered":"
Bitcoin price traded with a bullish bias above the $4,000 level against the US Dollar. BTC is currently correcting lower, but dips are likely to find a strong buying interest near $3,970 or $3,940.<\/em><\/p>\n Yesterday, we saw a solid rise in bitcoin price above the $3,900 and $3,940 resistance levels<\/a> against the US Dollar. The BTC\/USD pair even broke the $4,000 resistance and settled above the 100 hourly simple moving average. The upward move was strong as the price climbed above the $4,020 resistance level. A new weekly high was formed at $4,037 and later the price started a downside correction. It traded below the $4,020 and $4,010 support levels.<\/p>\n Besides, there was a break below a short term bullish trend line with support at $4,015 on the hourly chart of the BTC\/USD pair. The pair surpassed the 23.6% Fib retracement level of the recent wave from the $3,909 low to $4,037 high. However, there are many supports on the downside near the $3,980 and $3,970 levels. Besides, the 50% Fib retracement level of the recent wave from the $3,909 low to $4,037 high is also near the $3,973 level. If there are more losses<\/a>, the next key support is near the $3,660 level.<\/p>\n The $3,660 can be a pivot level since it is the 61.8% Fib retracement level of the recent wave from the $3,909 low to $4,037 high. On the upside, the $4,020 level is an initial resistance for buyers. A clear break above $4,020 may open the doors for a push above the $4,040 and $4,050 resistance levels.<\/p>\n <\/p>\nBitcoin Price Analysis<\/h2>\n