{"id":677412,"date":"2025-01-17T02:47:38","date_gmt":"2025-01-17T02:47:38","guid":{"rendered":"https:\/\/wncen.com\/?p=677412"},"modified":"2025-01-17T02:47:38","modified_gmt":"2025-01-17T02:47:38","slug":"bitcoin-price-signals-strength-100k","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-signals-strength-100k\/","title":{"rendered":"Bitcoin Price Signals Strength: Bulls Prepare for the Next Leg Up"},"content":{"rendered":"
Bitcoin price is gaining pace above the $100,000 zone. BTC is rising and might accelerate higher if it clears the $102,000 zone.<\/em><\/p>\n
\n
Bitcoin started a decent increase above the $100,000 zone.<\/li>\n
The price is trading above $100,500 and the 100 hourly Simple moving average.<\/li>\n
There was a break above a short-term declining channel with resistance at $99,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could start another increase if it stays above the $100,000 support zone.<\/li>\n<\/ul>\n
Bitcoin Price Reclaims $100K<\/h2>\n
Bitcoin price started a decent upward move above the $98,000 zone. BTC was able to climb above the $98,500 and $98,800 levels.<\/p>\n
The bulls were able to push the price above the key barrier at $10,000. The price even cleared $101,500. Besides, there was a break above a short-term declining channel with resistance at $99,400 on the hourly chart of the BTC\/USD pair.<\/p>\n