{"id":455839,"date":"2021-02-03T03:18:48","date_gmt":"2021-02-03T03:18:48","guid":{"rendered":"https:\/\/wncen.com\/?p=455839"},"modified":"2024-06-11T14:13:07","modified_gmt":"2024-06-11T14:13:07","slug":"bitcoin-price-gains-traction-38k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-gains-traction-38k\/","title":{"rendered":"TA: Bitcoin Price Gains Traction, Why BTC Could Revisit $38K"},"content":{"rendered":"
Bitcoin price started a steady increase above $35,000 against the US Dollar. BTC is showing positive signs and it could continue to rise towards the $38,000 barrier.<\/em><\/p>\n
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Bitcoin started a decent increase above the key $35,000 resistance zone.<\/li>\n
The price is now trading above $35,500 and the 100 hourly simple moving average.<\/li>\n
There was a break above a major contracting triangle forming with resistance near $34,450 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could correct a few points, but the bulls are likely to aim more upsides above $36,000.<\/li>\n<\/ul>\n