Bitcoin Struggles to Maintain Position Above Key Supports and Resistances

Bitcoin persists like a formidable roaring lion. It's crucial to highlight a short-term convergence, yet it's equally important to monitor the pending medium-term high divergence.

At the time of writing this article, Bitcoin had experienced an overnight depreciation of approximately 1.51%. During this period, it touched the 30-period moving average, triggering a bearish alert.

Examining the liquidation pools, we observe that, at present, Bitcoin is exhibiting neutral behavior, with liquidity regions identified at $37,874.61 and $39,062.35 for potential future highs. This is followed by $35,158.98 as the primary support, residing within the specified minimum parameters.

Written by Rubikkav