{"id":457007,"date":"2021-02-18T03:18:34","date_gmt":"2021-02-18T03:18:34","guid":{"rendered":"https:\/\/wncen.com\/?p=457007"},"modified":"2024-06-11T14:13:25","modified_gmt":"2024-06-11T14:13:25","slug":"bitcoin-sets-new-ath-above-52k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-sets-new-ath-above-52k\/","title":{"rendered":"TA: Bitcoin Sets New ATH Above $52K, Why Dips Remain Attractive"},"content":{"rendered":"
Bitcoin price extended its rally above the $51,000 level and it even broke $52,000 against the US Dollar. BTC traded to a new all-time high near $52,745 and it is consolidating gains.<\/em><\/p>\n
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Bitcoin broke the $52,000 resistance and traded to a new all-time high near $52,745.<\/li>\n
The price is trading nicely near $52,000 and it is well above the 100 hourly simple moving average.<\/li>\n
There is a short-term contracting triangle with resistance near $52,250 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could dip towards $51,500 or $51,000, but the bulls are likely to remain active.<\/li>\n<\/ul>\n
Bitcoin Price is Showing Positive Signs<\/h2>\n
There were mostly bullish moves in bitcoin price above the $50,000 resistance. BTC extended its rally above the $51,000 and $51,500 resistance levels.<\/p>\n
During the increase, there was a break above a key contracting triangle with resistance near $51,200 on the hourly chart of the BTC\/USD pair. It opened the doors for more gains above $52,000 (as discussed yesterday<\/a>).<\/p>\n