{"id":375067,"date":"2019-03-18T06:30:33","date_gmt":"2019-03-18T06:30:33","guid":{"rendered":"https:\/\/wncen.com\/?p=375067"},"modified":"2024-06-11T12:50:51","modified_gmt":"2024-06-11T12:50:51","slug":"bitcoin-btc-price-rally-not-likely-over","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-not-likely-over\/","title":{"rendered":"Bitcoin (BTC) Price Watch: Rally Takes Break, But Not Likely Over"},"content":{"rendered":"
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Bitcoin price climbed higher towards the $4,040 level before correcting lower against the US Dollar.<\/li>\n
The price declined below $4,000 and tested the key $3,940 support area.<\/li>\n
Recently, there was a break above a connecting bearish trend line with resistance at $3,970 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair is currently moving lower, but it remains well supported near $3,940 and $3,920.<\/li>\n<\/ul>\n
Bitcoin price corrected gains recently below $4,000 against the US Dollar. BTC could bounce back as long as it is trading above the $3,900 pivot area in the coming sessions.<\/em><\/p>\n