{"id":447989,"date":"2020-10-27T04:08:57","date_gmt":"2020-10-27T04:08:57","guid":{"rendered":"https:\/\/wncen.com\/?p=447989"},"modified":"2024-06-11T14:07:36","modified_gmt":"2024-06-11T14:07:36","slug":"ta-bitcoin-rally-vulnerable-if-it-continues-to-struggle-below-13-2k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ta-bitcoin-rally-vulnerable-if-it-continues-to-struggle-below-13-2k\/","title":{"rendered":"TA: Bitcoin Rally Vulnerable If It Continues To Struggle Below $13.2K"},"content":{"rendered":"
Bitcoin price made another attempt to gain momentum above $13,200 against the US Dollar, but failed. BTC is likely to react to the downside if it continues to struggle near $13,200 and $13,300.<\/em><\/p>\n
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Bitcoin corrected lower below $13,000, but it found support near $12,800.<\/li>\n
The price is back above the $13,000 zone and the 100 hourly simple moving average.<\/li>\n
There is a key bullish trend line forming with support near $12,880 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair must gain strength above $13,200 to continue higher towards $13,500 in the near term.<\/li>\n<\/ul>\n