{"id":454581,"date":"2021-01-15T03:38:48","date_gmt":"2021-01-15T03:38:48","guid":{"rendered":"https:\/\/wncen.com\/?p=454581"},"modified":"2024-06-11T14:12:46","modified_gmt":"2024-06-11T14:12:46","slug":"bitcoin-btc-revisits-40k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-btc-revisits-40k\/","title":{"rendered":"TA: Bitcoin Revisits $40K, What Are Chances of BTC Hitting New ATH"},"content":{"rendered":"
Bitcoin price recovered further and surged above the $38,000 resistance against the US Dollar. BTC even spiked above $40,000 and it is likely preparing for more upsides.<\/em><\/p>\n
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Bitcoin remained well bid and it managed to climb above the 38,000 and $38,500 resistance levels.<\/li>\n
The price is now trading nicely above the $38,500 level and the 100 hourly simple moving average.<\/li>\n
There is a key contracting triangle forming with resistance near $39,425 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could surge again if it clears the $39,400 and $39,500 resistance levels in the near term.<\/li>\n<\/ul>\n