{"id":416986,"date":"2020-03-05T05:08:50","date_gmt":"2020-03-05T05:08:50","guid":{"rendered":"https:\/\/wncen.com\/?p=416986"},"modified":"2024-06-11T13:42:54","modified_gmt":"2024-06-11T13:42:54","slug":"bitcoin-bullish-reversal-and-9k-resistance","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-bullish-reversal-and-9k-resistance\/","title":{"rendered":"Bitcoin Bullish Reversal Held Off As Bulls Fail To Defeat $9k Resistance"},"content":{"rendered":"
Bitcoin is slowly gaining bullish momentum above $8,800 against the US Dollar. BTC price must settle above the $9,000 barrier to start a convincing rally towards $9,500.<\/em><\/p>\n
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Bitcoin is showing positive signs above the $8,800 resistance area against the US Dollar.<\/li>\n
The price remains well supported on dips near the $8,840 and $8,780 levels.<\/li>\n
There is a major bullish trend line forming with support near $8,780 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could start a massive upward move once it clears the $8,960 and $9,000 resistance levels.<\/li>\n<\/ul>\n