{"id":431462,"date":"2020-07-20T03:58:39","date_gmt":"2020-07-20T03:58:39","guid":{"rendered":"https:\/\/wncen.com\/?p=431462"},"modified":"2024-06-11T14:05:24","modified_gmt":"2024-06-11T14:05:24","slug":"bitcoin-signs-of-bullish-break-emerge","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-signs-of-bullish-break-emerge\/","title":{"rendered":"Bitcoin Lacking Momentum Above $9,200, But Signs of Bullish Break Emerge"},"content":{"rendered":"
Bitcoin is slowly rising and trading above the $9,150 level against the US Dollar. BTC is struggling to gain bullish momentum above $9,200, but there are a few bullish signs emerging on charts.<\/em><\/p>\n
\n
Bitcoin recovered above $9,200 and traded as high as $9,240.<\/li>\n
The price is currently trading nicely above the $9,150 level and the 100 hourly simple moving average.<\/li>\n
There was a break above a significant bearish trend line with resistance near $9,160 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair must stay above the $9,120 support zone to continue higher above $9,200.<\/li>\n<\/ul>\n
Bitcoin Price is Showing Positive Signs<\/h2>\n
After trading close to the $9,000 level, bitcoin started an upside correction against the US Dollar. BTC managed to clear the $9,120 resistance level and the 100 hourly simple moving average.<\/p>\n