{"id":541917,"date":"2023-07-10T03:10:58","date_gmt":"2023-07-10T03:10:58","guid":{"rendered":"https:\/\/www.wncen.com\/?p=541917"},"modified":"2024-06-11T08:47:25","modified_gmt":"2024-06-11T08:47:25","slug":"bitcoin-price-could-nosedive-30k","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/bitcoin-price-could-nosedive-30k\/","title":{"rendered":"Bitcoin Price Could Nosedive If It Continues To Struggle Below $31K"},"content":{"rendered":"
Bitcoin price is moving lower below the $30,500 pivot level. BTC could decline heavily if there is a close below the $29,800 support zone in the near term.<\/em><\/p>\n
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Bitcoin is moving lower below the $30,500 support zone.<\/li>\n
The price is trading below $30,500 and the 100 hourly Simple moving average.<\/li>\n
There was a break below a contracting triangle with support near $30,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could extend its decline if it stays below $31,200 for a long time.<\/li>\n<\/ul>\n