{"id":468178,"date":"2021-07-27T03:08:34","date_gmt":"2021-07-27T03:08:34","guid":{"rendered":"https:\/\/wncen.com\/?p=468178"},"modified":"2024-06-11T11:44:32","modified_gmt":"2024-06-11T11:44:32","slug":"bitcoin-tops-near-40k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-tops-near-40k\/","title":{"rendered":"TA: Bitcoin Tops Near $40K, Why BTC Remains Well Supported"},"content":{"rendered":"
Bitcoin price surged and it even spiked above the $40,000 resistance against the US Dollar. BTC is correcting gains, but it is likely to remain stable near $36,000.<\/em><\/p>\n
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Bitcoin started a strong increase above the $36,000 and $38,000 resistance levels.<\/li>\n
The price is now trading well above $36,000 and the 100 hourly simple moving average.<\/li>\n
There is a major bullish trend line forming with support near $36,100 with resistance near $31,250 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair correcting gains, but it is likely to find a strong support near $36,000.<\/li>\n<\/ul>\n