{"id":506493,"date":"2022-10-16T08:17:01","date_gmt":"2022-10-16T08:17:01","guid":{"rendered":"https:\/\/wncen.com\/?p=506493"},"modified":"2024-06-11T12:58:24","modified_gmt":"2024-06-11T12:58:24","slug":"bitcoin-struggles-to-break-past-19500-as-new-twist-surfaces-heres-what-to-expect","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-struggles-to-break-past-19500-as-new-twist-surfaces-heres-what-to-expect\/","title":{"rendered":"Bitcoin Struggles To Break Past $19,500 As New Twist Surfaces, Here’s What To Expect"},"content":{"rendered":"
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BTC’s price shows strength but has struggled to break past $19,500 as the price continues to move in circles.\u00a0<\/span><\/strong><\/li>\n<\/ul>\n
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BTC bounced from a low of $18,200 after the price rallied toward $19,800 but was rejected by sellers.\u00a0<\/span><\/strong><\/li>\n<\/ul>\n
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The price of BTC continues to trade below 50 and 200 Exponential Moving Averages (EMA) ahead of the weekly close.\u00a0<\/span><\/strong><\/li>\n<\/ul>\n
The price movement of Bitcoin (BTC) has shown some great price action lately as the price garnered momentum to bounce from a low of $18,200 to $19,800d against tether (USDT). Despite the strength shown by the price of Bitcoin (BTC), it has struggled to reclaim $19,500, which is key for a rally to the region of $20,000. Ahead of the weekly close, it is yet to be known if the price of BTC will rally to the upside or downside, as many traders are left in a dilemma. (Data from Binance)<\/span><\/p>\n