{"id":376633,"date":"2019-04-01T06:30:52","date_gmt":"2019-04-01T06:30:52","guid":{"rendered":"https:\/\/wncen.com\/?p=376633"},"modified":"2024-06-11T13:39:06","modified_gmt":"2024-06-11T13:39:06","slug":"bitcoin-btc-price-could-make-a-sustained-move-higher","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-btc-price-could-make-a-sustained-move-higher\/","title":{"rendered":"Bitcoin (BTC) Price Could Make A Sustained Move Higher"},"content":{"rendered":"
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Bitcoin price jumped higher recently and traded to a new weekly high above $4,140 against the US Dollar.<\/li>\n
The price traded as high as $4,142 and it is currently consolidating gains above key supports.<\/li>\n
There is a new contracting triangle forming with support near $4,100 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could decline in the short term, but it remains supported near $4,100 and $4,050.<\/li>\n<\/ul>\n
Bitcoin price is trading with a strong uptrend above the $4,040 pivot level against the US Dollar. BTC is likely to break the $4,150 resistance and it could surge above $4,200.<\/em><\/p>\n