{"id":447456,"date":"2020-10-23T03:48:25","date_gmt":"2020-10-23T03:48:25","guid":{"rendered":"https:\/\/wncen.com\/?p=447456"},"modified":"2024-06-11T14:07:28","modified_gmt":"2024-06-11T14:07:28","slug":"bitcoin-pullback-could-be-attractive","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-pullback-could-be-attractive\/","title":{"rendered":"TA: Bitcoin Short-term Pullback Could Be Attractive To The Bulls"},"content":{"rendered":"
Bitcoin price extended its rise and traded to a new monthly high near $13,200 against the US Dollar. BTC is currently consolidating gains and dips are likely to remain attractive.<\/em><\/p>\n
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Bitcoin is trading nicely above the $12,650 and $12,750 support levels.<\/li>\n
The price is attempting a fresh break above $13,000 and it is well above the 100 hourly simple moving average.<\/li>\n
There was a break below a major bullish trend line with support near $13,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair is likely to remain well bid if it dips towards the $12,750 and $12,650 support levels.<\/li>\n<\/ul>\n