{"id":439784,"date":"2020-09-27T04:35:41","date_gmt":"2020-09-27T04:35:41","guid":{"rendered":"https:\/\/wncen.com\/?p=439784"},"modified":"2024-06-11T14:16:54","modified_gmt":"2024-06-11T14:16:54","slug":"bitcoin-gearing-for-lift-off","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-gearing-for-lift-off\/","title":{"rendered":"This Technical Breakout Suggests Bitcoin Is Gearing For Another Lift-Off"},"content":{"rendered":"
Bitcoin started a fresh increase from the $10,140 swing low against the US Dollar. BTC broke the $10,550 resistance and it seems like the bulls are aiming a clear break above $11,000.<\/em><\/p>\n
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Bitcoin stayed above the $10,000 support and started a decent recovery wave.<\/li>\n
The price is currently trading well above the $10,550 resistance and the 100 simple moving average (4-hours).<\/li>\n
There was a break above a key bearish trend line with resistance near $10,600 on the 4-hours chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair is likely to continue higher if there is a clear break above the $10,800 resistance.<\/li>\n<\/ul>\n
Bitcoin Turns Green<\/h2>\n
This past week, bitcoin found support above the $10,100 level against the US Dollar. BTC remained well bid above the $10,200 level and recently started a steady recovery wave.<\/p>\n