{"id":649400,"date":"2024-10-23T02:55:21","date_gmt":"2024-10-23T02:55:21","guid":{"rendered":"https:\/\/wncen.com\/?p=649400"},"modified":"2024-10-23T02:55:21","modified_gmt":"2024-10-23T02:55:21","slug":"bitcoin-price-pauses-66500","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-pauses-66500\/","title":{"rendered":"Bitcoin Price Pauses In Consolidation: Aiming for New Gains"},"content":{"rendered":"
Bitcoin price started a downside correction and tested the $66,500 zone. BTC is now consolidating and might aim for a fresh increase above $67,800.<\/em><\/p>\n
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Bitcoin struggled to test the $70,000 resistance zone and started a downside correction.<\/li>\n
The price is trading below $67,500 and the 100 hourly Simple moving average.<\/li>\n
There is a short-term contracting triangle forming with support at $67,100 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could start a fresh increase unless there is a close below the $66,500 zone.<\/li>\n<\/ul>\n