{"id":423536,"date":"2020-05-12T03:58:27","date_gmt":"2020-05-12T03:58:27","guid":{"rendered":"https:\/\/wncen.com\/?p=423536"},"modified":"2024-06-11T13:48:34","modified_gmt":"2024-06-11T13:48:34","slug":"bitcoin-needs-to-clear-9100-for-fresh-rally","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-needs-to-clear-9100-for-fresh-rally\/","title":{"rendered":"Technicals Suggest Bitcoin Needs To Clear $9,100 For Hopes of a Fresh Rally"},"content":{"rendered":"
Bitcoin jumped above the $8,800 and $9,000 resistance levels against the US Dollar. However, BTC is facing a major hurdle at $9,100, above which it could rally sharply.<\/em><\/p>\n
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Bitcoin is currently consolidating in a broad range below the $9,000 and $9,100 levels.<\/li>\n
The main support on the downside is forming near the $8,250 and $8,200 levels.<\/li>\n
There is a key connecting bearish trend line forming with resistance near $9,040 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The bulls need to gain momentum above $9,000 and $9,100 for a sustained upward move.<\/li>\n<\/ul>\n
Bitcoin Could Struggle Near $9,000 and $9,100<\/h2>\n