{"id":449455,"date":"2020-11-11T03:48:09","date_gmt":"2020-11-11T03:48:09","guid":{"rendered":"https:\/\/wncen.com\/?p=449455"},"modified":"2024-06-11T14:08:14","modified_gmt":"2024-06-11T14:08:14","slug":"bitcoin-trading-near-crucial-juncture","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-trading-near-crucial-juncture\/","title":{"rendered":"TA: Bitcoin Trades Near Crucial Juncture, Why 100 SMA Is The Key"},"content":{"rendered":"
Bitcoin price is facing a strong resistance near $15,500 and $15,600 against the US Dollar. BTC could clear the $15,500 resistance unless there is a clear break below the 100 hourly SMA.<\/em><\/p>\n
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Bitcoin is facing a strong barrier near the $15,500 and $15,600 resistance levels.<\/li>\n
The price is currently holding the $15,200 support and the 100 hourly simple moving average.<\/li>\n
There is a major bullish trend line forming with support near $15,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could either rally above the $15,500 resistance or it might decline heavily below the 100 hourly SMA.<\/li>\n<\/ul>\n