{"id":454483,"date":"2021-01-14T03:38:27","date_gmt":"2021-01-14T03:38:27","guid":{"rendered":"https:\/\/wncen.com\/?p=454483"},"modified":"2024-06-11T12:15:49","modified_gmt":"2024-06-11T12:15:49","slug":"bitcoin-smashes-key-resistance-36500","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-smashes-key-resistance-36500\/","title":{"rendered":"TA: Bitcoin Smashes Key Resistance, Why Dips In BTC Are Now Attractive"},"content":{"rendered":"
Bitcoin price broke the main $36,000 and $36,500 resistance levels against the US Dollar. BTC is back in a positive zone and it is likely to continue higher towards $38,800 and $39,200.<\/em><\/p>\n
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Bitcoin climbed higher nicely and it was able to clear the 36,000 and $36,500 resistance levels.<\/li>\n
The price is now trading nicely above the $37,000 level and the 100 hourly simple moving average.<\/li>\n
There was a break above a key bearish trend line with resistance near $34,300 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could continue to move higher towards the $38,800 and $39,200 resistance levels.<\/li>\n<\/ul>\n
Bitcoin Price Jumps 10%<\/h2>\n
After forming a support base above $32,000, bitcoin price started a fresh increase. BTC surpassed the $34,000 and $35,000 resistance levels to move into a positive zone.<\/p>\n
The bulls gained strength when there was a break above a key bearish trend line with resistance near $34,300 on the hourly chart of the BTC\/USD pair. The pair consolidated above the trend line before it climbed above the $36,000 resistance level<\/a>.<\/p>\n