{"id":477677,"date":"2021-11-30T03:08:36","date_gmt":"2021-11-30T03:08:36","guid":{"rendered":"https:\/\/wncen.com\/?p=477677"},"modified":"2024-06-11T14:09:22","modified_gmt":"2024-06-11T14:09:22","slug":"bitcoin-topside-bias-vulnerable-60k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-topside-bias-vulnerable-60k\/","title":{"rendered":"Bitcoin Topside Bias Vulnerable If It Continues To Struggle Below $60K"},"content":{"rendered":"
Bitcoin gained pace and climbed above $58,000 against the US Dollar. However, BTC is still struggling to gain pace for a move towards the $60,000 level.<\/em><\/p>\n
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Bitcoin started a fresh increase above the $57,000 and $58,000 levels.<\/li>\n
The price is now trading above $57,000 and the 100 hourly simple moving average.<\/li>\n
There is a key contracting triangle forming with resistance near $58,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair must clear the $58,000 resistance to continue higher in the near term.<\/li>\n<\/ul>\n
Bitcoin Price is Consolidating Gains<\/h2>\n
Bitcoin price started a fresh increase above the $55,000 and $57,000 resistance levels. BTC even climbed above the $57,000 level and the 100 hourly simple moving average<\/a>.<\/p>\n