{"id":455662,"date":"2021-02-01T03:28:35","date_gmt":"2021-02-01T03:28:35","guid":{"rendered":"https:\/\/wncen.com\/?p=455662"},"modified":"2024-06-11T10:53:55","modified_gmt":"2024-06-11T10:53:55","slug":"ta-why-bitcoin-price-above-34k-could-start-a-strong-surge","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ta-why-bitcoin-price-above-34k-could-start-a-strong-surge\/","title":{"rendered":"TA: Why Bitcoin Price Above $34K Could Start A Strong Surge"},"content":{"rendered":"
Bitcoin price corrected lower, but it remained well bid above $32,000 against the US Dollar. BTC is currently rising, but it must clear the $34,000 resistance for a steady increase.<\/em><\/p>\n
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Bitcoin is slowly gaining momentum above the $33,000 and $33,200 resistance levels.<\/li>\n
The price is currently trading above the $33,500 level and the 100 hourly simple moving average.<\/li>\n
There is a major declining channel forming with resistance near $34,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could start a strong upward move if it clears the $34,000 resistance level.<\/li>\n<\/ul>\n