{"id":449950,"date":"2020-11-17T03:48:43","date_gmt":"2020-11-17T03:48:43","guid":{"rendered":"https:\/\/wncen.com\/?p=449950"},"modified":"2024-06-11T14:08:28","modified_gmt":"2024-06-11T14:08:28","slug":"bitcoin-price-17k-could-be-next","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-17k-could-be-next\/","title":{"rendered":"TA: Bitcoin Price Smashes Key Resistance, Why $17K Could Be Next"},"content":{"rendered":"
Bitcoin price gained bullish momentum and it broke the $16,500 resistance against the US Dollar. BTC is likely to continue higher towards $17,000 as long as it is above $16,200.<\/em><\/p>\n
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Bitcoin regained strength and it broke the $16,500 and $16,600 resistance levels.<\/li>\n
The price traded to a new monthly high at $16,897 and settled above the 100 hourly simple moving average.<\/li>\n
There is a short-term contracting triangle forming with resistance near $16,725 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could correct a few points, but the bulls are likely to remain active near $16,500.<\/li>\n<\/ul>\n