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Tuesday

21 September 2021

TA: Bitcoin Surges To $40K, Why BTC Could Rally Further

TA: Bitcoin Surges To $40K, Why BTC Could Rally Further


smart summary beta

There was a clear break above the $38,000 resistance level.

There is also a key bullish trend line forming with support near $35,500 with resistance near $31,250 on the hourly chart of the BTC/USD pair.

A successful break and close above the $40,000 level could initiate a fresh rally in the near term.

If bitcoin fails to climb above the $39,500 and $40,000 resistance levels, it could start a downside correction.

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Basel Committee Crypto Rules Face Backlash
published: 23 minutes ago
Crypto holding requirements proposed by the Basel Committee have faced backlash from several trade groups and asset managers.

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