{"id":512036,"date":"2022-12-11T21:31:44","date_gmt":"2022-12-12T02:31:44","guid":{"rendered":"https:\/\/wncen.com\/?p=512036"},"modified":"2024-06-11T10:10:16","modified_gmt":"2024-06-11T10:10:16","slug":"bitcoin-price-stuck-17k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-stuck-17k\/","title":{"rendered":"Bitcoin Price Stuck In Key Range, Why The Bulls Remain In Action"},"content":{"rendered":"
Bitcoin price failed to clear the $17,300 zone and corrected lower. BTC could find a strong buying interest near $16,900 or $16,700 in the coming sessions.<\/em><\/p>\n
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Bitcoin failed to gain pace for a move above $17,300 and $17,450.<\/li>\n
The price is trading below $17,000 and the 100 hourly simple moving average.<\/li>\n
There is a key bearish trend line forming with resistance near $17,150 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could bounce back if it stays above the $16,900 and $16,700 support levels.<\/li>\n<\/ul>\n