{"id":566088,"date":"2023-12-20T03:13:19","date_gmt":"2023-12-20T03:13:19","guid":{"rendered":"https:\/\/wncen.com\/?p=566088"},"modified":"2024-06-11T14:43:29","modified_gmt":"2024-06-11T14:43:29","slug":"bitcoin-price-rejects-43-5k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-rejects-43-5k\/","title":{"rendered":"Bitcoin Price Rejects $43.5K, Why BTC Could Tumble In Short-Term"},"content":{"rendered":"
Bitcoin price attempted a fresh upside break above the $43,500 resistance. BTC failed and corrected lower to test the $41,800 support zone.<\/em><\/p>\n
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Bitcoin is correcting gains from the $43,500 resistance zone.<\/li>\n
The price is trading above $42,000 and the 100 hourly Simple moving average.<\/li>\n
There is a connecting bearish trend line forming with resistance near $42,600 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could continue to move down if there is a move below the $41,650 support.<\/li>\n<\/ul>\n
Bitcoin Price Drops Again<\/h2>\n
Bitcoin price gained pace above the $42,000 resistance zone. BTC even climbed above the $43,000 level, but it faced a strong rejection near $43,500. It seems like the price failed again to clear the $43,500 zone<\/a>.<\/p>\n