{"id":455245,"date":"2021-01-26T03:28:10","date_gmt":"2021-01-26T03:28:10","guid":{"rendered":"https:\/\/wncen.com\/?p=455245"},"modified":"2024-06-11T13:17:16","modified_gmt":"2024-06-11T13:17:16","slug":"bitcoin-price-remains-at-risk-30k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-remains-at-risk-30k\/","title":{"rendered":"TA: Why Bitcoin Price Remains At Risk for a Fresh Drop to $30K"},"content":{"rendered":"
Bitcoin price recovered above $34,000, but it struggled near $35,000 against the US Dollar. BTC is currently declining and it remains at a risk of more losses below $32K.<\/em><\/p>\n
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Bitcoin struggled to gain momentum above $34,500 and remained below $35,000.<\/li>\n
The price is currently well below $33,000 and it is testing the 100 hourly simple moving average.<\/li>\n
There is a key bullish trend line forming with support near $32,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair is likely to continue lower towards $31,500 and $30,800 in the near term.<\/li>\n<\/ul>\n