{"id":471330,"date":"2021-09-10T03:18:16","date_gmt":"2021-09-10T03:18:16","guid":{"rendered":"https:\/\/wncen.com\/?p=471330"},"modified":"2024-06-11T13:58:31","modified_gmt":"2024-06-11T13:58:31","slug":"ta-bitcoin-stable-above-46k-why-48k-holds-the-key-in-near-term","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ta-bitcoin-stable-above-46k-why-48k-holds-the-key-in-near-term\/","title":{"rendered":"TA: Bitcoin Stable Above $46K, Why $48K Holds The Key In Near Term"},"content":{"rendered":"
Bitcoin price is consolidating above the $46,000 zone against the US Dollar. BTC is must clear $47,500 and $48,000 to start a steady increase in the near term.<\/em><\/p>\n
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Bitcoin is facing a major resistance near $47,500 and $48,000 levels.<\/li>\n
The price is still trading well below $48,000 and the 100 hourly simple moving average.<\/li>\n
There was a break above a connecting bearish trend line with resistance near $46,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could start a decent increase if there is a close above the $48,000 resistance zone.<\/li>\n<\/ul>\n