{"id":424652,"date":"2020-05-21T03:58:17","date_gmt":"2020-05-21T03:58:17","guid":{"rendered":"https:\/\/wncen.com\/?p=424652"},"modified":"2024-06-11T13:49:03","modified_gmt":"2024-06-11T13:49:03","slug":"bitcoin-topside-bias-could-be-vulnerable-below-9500-and-100-sma","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-topside-bias-could-be-vulnerable-below-9500-and-100-sma\/","title":{"rendered":"Bitcoin Topside Bias Could Be Vulnerable Below $9,500 And 100 SMA"},"content":{"rendered":"
Bitcoin failed to climb above the $9,950 and $10,000 resistance levels against the US Dollar. BTC price is currently plunging and it is now vulnerable to more losses below $9,400.<\/em><\/p>\n
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Bitcoin is down more than 3% from the weekly high and it is now showing bearish signs.<\/li>\n
The price is trading well below the $9,600 level and the 100 hourly simple moving average.<\/li>\n
There was a break below a major contracting triangle with support near $9,600 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair remains at a risk of more losses below the $9,400 and $9,250 levels.<\/li>\n<\/ul>\n