Bitcoin Gathering Momentum – $40K Resistance?
Current price this morning is $36285
Bitcoin Gathers Upside Momentum, Faces Resistance Near $40K
“Bitcoin (BTC) buyers remained active during Asian trading hours as they defended initial support of about $33,800. The next level of resistance is seen between $38,000 and $40,000, which is near the top of a monthlong range.
The $30,000 support level was retested over the weekend, marking a higher low from the June 22 shakeout of around $29,000. Price remains elevated and could break above the 100-period moving average on the four-hour chart.
Bitcoin was trading at about $35,000 at press time and is up 4% over the past 24 hours.”