{"id":449029,"date":"2020-11-06T03:48:55","date_gmt":"2020-11-06T03:48:55","guid":{"rendered":"https:\/\/wncen.com\/?p=449029"},"modified":"2024-06-11T14:08:02","modified_gmt":"2024-06-11T14:08:02","slug":"bitcoin-15-3k-could-trigger-next-wave","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-15-3k-could-trigger-next-wave\/","title":{"rendered":"TA: Bitcoin Correcting Gains, Why $15.3K Could Trigger Next Wave"},"content":{"rendered":"
Bitcoin price rallied over 10% and it even traded close to $16,000 against the US Dollar. BTC is currently correcting lower, but the bulls are likely to protect $15,300 or $15,150.<\/em><\/p>\n
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Bitcoin started a strong rally and it broke the $15,500 resistance zone.<\/li>\n
The price traded to a new 2020 high at $15,974 and it is well above the 100 hourly simple moving average.<\/li>\n
There is a major bullish trend line forming with support near $15,300 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could correct lower, but the $15,300 and $15,200 levels are likely to prevent heavy losses.<\/li>\n<\/ul>\n