{"id":451727,"date":"2020-12-08T03:48:51","date_gmt":"2020-12-08T03:48:51","guid":{"rendered":"https:\/\/wncen.com\/?p=451727"},"modified":"2024-06-11T14:09:05","modified_gmt":"2024-06-11T14:09:05","slug":"bitcoin-stuck-crucial-range-19-5k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-stuck-crucial-range-19-5k\/","title":{"rendered":"TA: Bitcoin Stuck In A Crucial Range, Why $19.5K Is The Key"},"content":{"rendered":"
Bitcoin price is still trading in a broad range below the $19,500 resistance against the US Dollar. BTC must gain strength above $19,500 to start a fresh rally in the near term.<\/em><\/p>\n
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Bitcoin is facing a strong resistance near the $19,500 and $19,580 levels.<\/li>\n
The price is currently trading above the $19,000 support and the 100 hourly simple moving average.<\/li>\n
There is a new important bearish trend line forming with resistance at $19,350 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair is likely to remain in a range, with high chances of an upside break above $19,500.<\/li>\n<\/ul>\n