{"id":569887,"date":"2024-01-17T03:09:34","date_gmt":"2024-01-17T03:09:34","guid":{"rendered":"https:\/\/www.wncen.com\/?p=569887"},"modified":"2024-06-11T09:18:12","modified_gmt":"2024-06-11T09:18:12","slug":"bitcoin-price-signals-recovery-44000","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/bitcoin-price-signals-recovery-44000\/","title":{"rendered":"Bitcoin Price Signals Recovery But The Bears Are Not Out of Woods Yet"},"content":{"rendered":"
Bitcoin price is still struggling below the $43,500 resistance zone. BTC could start a recovery wave if there is a clear move above the $44,000 resistance zone.<\/em><\/p>\n
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Bitcoin price started a consolidation phase from the $41,500 zone.<\/li>\n
The price is trading above $42,500 and the 100 hourly Simple moving average.<\/li>\n
There is a key rising channel forming with resistance near $44,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could start a decent recovery wave if there is a move above the $44,000 resistance zone.<\/li>\n<\/ul>\n