{"id":454848,"date":"2021-01-20T03:38:16","date_gmt":"2021-01-20T03:38:16","guid":{"rendered":"https:\/\/wncen.com\/?p=454848"},"modified":"2024-06-11T14:12:51","modified_gmt":"2024-06-11T14:12:51","slug":"bitcoin-signaling-further-correction-33k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-signaling-further-correction-33k\/","title":{"rendered":"TA: Bitcoin Signaling Further Correction, Why BTC Could Revisit $33K"},"content":{"rendered":"
Bitcoin price failed to clear the $37,500 and $37,800 resistance levels against the US Dollar. BTC is currently moving lower and it could continue to move down towards $34,000 or $33,000.<\/em><\/p>\n
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Bitcoin is facing a strong resistance near the $37,800 and $38,000 resistance levels.<\/li>\n
The price is now trading below the $36,500 support and the 100 hourly simple moving average.<\/li>\n
There was a break below a major contracting triangle with support near $36,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair is showing bearish signs and it could decline further towards $34,000 or $33,000.<\/li>\n<\/ul>\n