{"id":480952,"date":"2022-01-13T03:08:17","date_gmt":"2022-01-13T03:08:17","guid":{"rendered":"https:\/\/wncen.com\/?p=480952"},"modified":"2024-06-11T07:48:17","modified_gmt":"2024-06-11T07:48:17","slug":"bitcoin-price-rally-pauses-44k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-rally-pauses-44k\/","title":{"rendered":"TA: Bitcoin Price Rally Pauses But Upsides Could Restart"},"content":{"rendered":"
Bitcoin started a strong upward move above $43,000 against the US Dollar. BTC spiked above $44,000 and currently correcting lower.<\/em><\/p>\n
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Bitcoin gained pace for a move above the $43,000 resistance zone.<\/li>\n
The price is trading above $42,500 and the 100 hourly simple moving average.<\/li>\n
There is a major bullish trend line forming with support near $43,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair is correcting gains, but dips could be limited below the $43,200 level.<\/li>\n<\/ul>\n
Bitcoin Price Extends Recovery<\/h2>\n
Bitcoin price gained pace after there was a close above the $42,000 resistance zone. BTC even climbed above the $43,200 resistance zone and a close above the 100 hourly simple moving average<\/a>.<\/p>\n