{"id":376990,"date":"2019-04-03T06:30:51","date_gmt":"2019-04-03T06:30:51","guid":{"rendered":"https:\/\/wncen.com\/?p=376990"},"modified":"2024-06-11T13:39:09","modified_gmt":"2024-06-11T13:39:09","slug":"bitcoin-btc-price-rally-seems-real-6k-on-the-horizon","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-btc-price-rally-seems-real-6k-on-the-horizon\/","title":{"rendered":"Bitcoin (BTC) Price Rally Seems Real, $6K On The Horizon?"},"content":{"rendered":"
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Bitcoin price surged more than 20% and even cleared the $5,000 resistance against the US Dollar.<\/li>\n
The price traded towards the $5,100 resistance and it is currently consolidating gains.<\/li>\n
There is a major contracting triangle forming with support at $4,880 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 well supported above $4,650.<\/li>\n<\/ul>\n
Bitcoin price rally gathered pace above $4,800 and $5,000 against the US Dollar. BTC is currently consolidating gains, but it is likely to accelerate further above $5,100 in the near term.<\/em><\/p>\n