{"id":544781,"date":"2023-07-28T02:59:22","date_gmt":"2023-07-28T02:59:22","guid":{"rendered":"https:\/\/wncen.com\/?p=544781"},"modified":"2024-06-11T14:39:09","modified_gmt":"2024-06-11T14:39:09","slug":"bitcoin-price-weekly-low-28880","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-weekly-low-28880\/","title":{"rendered":"Bitcoin Price Prints Bearish Pattern And Could Dive To New Weekly Low"},"content":{"rendered":"
Bitcoin price is struggling to rise above the $29,300 resistance level. BTC could start another decline and trade below the $28,880 support zone.<\/em><\/p>\n
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Bitcoin is struggling to rise above the $29,300 and $29,600 levels.<\/li>\n
The price is trading below $29,300 and the 100 hourly Simple moving average.<\/li>\n
There was a break below a major bullish trend line with support near $29,300 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could continue to move down unless there is a close above the $29,600 resistance.<\/li>\n<\/ul>\n
Bitcoin Price Faces Uphill Task<\/h2>\n
Bitcoin price attempted a short-term recovery wave above the $29,200 resistance zone. BTC was able to climb above the $29,300 resistance zone but the upsides were limited.<\/p>\n