{"id":465436,"date":"2021-06-11T03:08:45","date_gmt":"2021-06-11T03:08:45","guid":{"rendered":"https:\/\/wncen.com\/?p=465436"},"modified":"2024-06-11T13:00:57","modified_gmt":"2024-06-11T13:00:57","slug":"bitcoin-signals-fresh-decline-35k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-signals-fresh-decline-35k\/","title":{"rendered":"TA: Bitcoin Signals Fresh Decline, Why Dips Could Be Limited In BTC"},"content":{"rendered":"
Bitcoin price extended its upward move above the $37,500 resistance against the US Dollar. BTC failed to clear $38,500 and it is now correcting lower.<\/em><\/p>\n
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Bitcoin traded above $38,000, but it failed to continue higher above $38,500.<\/li>\n
The price is currently well above $35,000 and the 100 hourly simple moving average.<\/li>\n
There was a break below a key bullish trend line with support near $36,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could extend its decline, but the bulls are likely to remain active near $35,000.<\/li>\n<\/ul>\n