{"id":452715,"date":"2020-12-21T03:48:43","date_gmt":"2020-12-21T03:48:43","guid":{"rendered":"https:\/\/wncen.com\/?p=452715"},"modified":"2024-06-11T14:12:10","modified_gmt":"2024-06-11T14:12:10","slug":"bitcoin-is-primed-to-rally-above-24k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-is-primed-to-rally-above-24k\/","title":{"rendered":"TA: Why Bitcoin Is Primed To Rally Above $24K, $23K Holds The Key"},"content":{"rendered":"
Bitcoin price is holding gains above $23,000 and $23,200 against the US Dollar. BTC is showing positive signs and it seems to be preparing for more upsides above $24K<\/em><\/p>\n
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Bitcoin is trading nicely above the $23,000 and $23,200 support levels.<\/li>\n
The price is currently trading near $23,800 and it is well above the 100 hourly simple moving average.<\/li>\n
There is a key bullish trend line forming with support near $23,080 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair is likely to continue higher above $24,000 and $24,200 in the coming sessions.<\/li>\n<\/ul>\n