{"id":392087,"date":"2019-08-03T18:00:03","date_gmt":"2019-08-03T18:00:03","guid":{"rendered":"https:\/\/wncen.com\/?p=392087"},"modified":"2024-06-11T13:46:15","modified_gmt":"2024-06-11T13:46:15","slug":"technical-sign-hints-bitcoin-btc-could-surge-to-17000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/technical-sign-hints-bitcoin-btc-could-surge-to-17000\/","title":{"rendered":"Technical Sign Hints Bitcoin (BTC) Could Surge to $17,000"},"content":{"rendered":"

Bitcoin (BTC) has managed to claw back some of its losses made in July. After trading below $10,000 for over a week, the cryptocurrency broke out, reclaiming the auspicious five-figure price point as outlined in this NewsBTC report<\/a>.<\/p>\n

Since then, the ball has been in the court of bulls, so to speak. As of the time of writing this, Bitcoin is trading at $10,500, having rallied by around 10% in the past week.<\/p>\n

While BTC has yet to close above the key resistance levels of $10,600 and $11,000, the market could be ready to continue higher.<\/p>\n

Related Reading: Largest UK Newspaper Raises Dwindling Bitcoin Supply to Millions of Readers<\/a><\/h6>\n

Bitcoin to See 60% Rally?\u00a0<\/strong><\/h2>\n

As spotted by prominent analyst<\/a> Joe McCann, the one-day Bitcoin chart recently printed a strong signal. The Moving Average Convergence Divergence (MACD), an indicator that tracks trends, recently saw a bullish crossover, printing a green candle on the histogram.<\/p>\n

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There's only one chart and one meme you need for #bitcoin<\/a> today.<\/p>\n

This one. pic.twitter.com\/yVfvTlIqfD<\/a><\/p>\n

— \u25e2 J\u25cee McCann \ud83e\uddca (@joemccann) August 2, 2019<\/a><\/p><\/blockquote>\n