{"id":523320,"date":"2023-03-16T03:15:23","date_gmt":"2023-03-16T03:15:23","guid":{"rendered":"https:\/\/wncen.com\/?p=523320"},"modified":"2024-06-11T07:45:29","modified_gmt":"2024-06-11T07:45:29","slug":"bitcoin-price-reaches-inflection-zone-24k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-reaches-inflection-zone-24k\/","title":{"rendered":"Bitcoin Price Reaches Inflection Zone As The Bears Slowly Take Control"},"content":{"rendered":"
Bitcoin price is moving lower and trading below $25,000. BTC remains at a risk of a downside break if it stays below the $25,200 resistance zone.<\/em><\/p>\n
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Bitcoin started a downside correction below the $25,500 support zone.<\/li>\n
The price is trading above $24,000 and the 100 hourly simple moving average.<\/li>\n
There is a key bearish trend line forming with resistance near $24,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could start a fresh increase if it stays above the $23,500 support zone.<\/li>\n<\/ul>\n