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Bitcoin, the largest crypto currency by market cap, continued to rise on the fourth day of the week. The crypto money is traded at $ 37,900 as of 12.00 TSI.
What Is The Technical Outlook On The Bitcoin Chart?
Bitcoin continues to remain loyal to the uptrend that started from the bottom it made at $ 31200.
It has now broken 37500 resistance and is trying to be permanent at these levels. If the uptrend continues, the resistance levels that Bitcoin can test are 40121 and 41950.
On the other hand, if it fails to remain above 37800 support and the bearish scenario comes into play, there will be 36720 and below 34754 as new support levels for Bitcoin.
This article is strictly my own opinion and not investment advice. Please do not invest by reading this.
