{"id":418400,"date":"2020-03-17T05:08:00","date_gmt":"2020-03-17T05:08:00","guid":{"rendered":"https:\/\/wncen.com\/?p=418400"},"modified":"2024-06-11T13:46:28","modified_gmt":"2024-06-11T13:46:28","slug":"bitcoin-btc-aim-run-towards-6000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-btc-aim-run-towards-6000\/","title":{"rendered":"Bitcoin Above 100 SMA Could Spark A Fresh Run Towards $6,000"},"content":{"rendered":"
Bitcoin is currently rising and showing positive signs from the $4,350 swing low against the US Dollar. BTC price is likely to accelerate higher towards $6,000 if it settles above the 100 hourly SMA.<\/em><\/p>\n
\n
Bitcoin is recovering nicely from the $4,350 and $4,500 support levels against the US Dollar.<\/li>\n
It is back above the $5,000 level and it is trading with a bullish angle.<\/li>\n
There is a major bearish trend line forming with resistance near $5,350 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair is likely to accelerate higher towards the $6,000 resistance if it settles above $5,350.<\/li>\n<\/ul>\n