{"id":521693,"date":"2023-03-03T03:43:58","date_gmt":"2023-03-03T03:43:58","guid":{"rendered":"https:\/\/wncen.com\/?p=521693"},"modified":"2024-06-11T09:20:56","modified_gmt":"2024-06-11T09:20:56","slug":"bitcoin-price-plunges-to-21k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-plunges-to-21k\/","title":{"rendered":"Bitcoin Price Plunges 5% After Rejection and Now At Risk of Move To $21K"},"content":{"rendered":"
Bitcoin price declined sharply after another rejection near $23,650. BTC is now consolidating above $22,000 and remains at a risk of more downsides.<\/em><\/p>\n
\n
Bitcoin is down over 5% and there was a sharp reaction from the $23,650 resistance zone.<\/li>\n
The price is trading below $23,020 and the 100 hourly simple moving average.<\/li>\n
There is a key bearish trend line forming with resistance near $23,220 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could correct higher, but upsides might be limited above the $22,800 level.<\/li>\n<\/ul>\n