Bitcoin price started a strong upward move above the $35,000 resistance against the US Dollar. BTC is showing positive signs and it could rally further above $40,000.<\/em><\/p>\n Bitcoin price found a strong buying interest<\/a> near the $32,000 zone. BTC formed a support base near the $32,000 and it started a major upward move.<\/p>\n The price surged above the $32,000 and $35,500 resistance levels. There was a clear break above the $38,000 resistance level. The upward move gained strength and the price even traded close to the $40,000 resistance zone.<\/p>\n A high was formed near $39,721 and the price is now correcting gains. It is trading near the 23.6% Fib retracement level of the recent rally from the $33,904 swing low to $39,723 high. Bitcoin is now trading well above $35,000 and the 100 hourly simple moving average<\/a>.<\/p>\n 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. It is showing a lot of positive signs near the $38,000 level. On the upside, an initial resistance is near the $39,000 level.<\/p>\n\n
Bitcoin Price Surges above $38,000<\/h2>\n
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