{"id":557396,"date":"2023-10-25T04:01:22","date_gmt":"2023-10-25T04:01:22","guid":{"rendered":"https:\/\/wncen.com\/?p=557396"},"modified":"2024-06-11T14:30:24","modified_gmt":"2024-06-11T14:30:24","slug":"bitcoin-bulls-take-back-seat-35k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-bulls-take-back-seat-35k\/","title":{"rendered":"Bitcoin Bulls Take Back Seat But Here\u2019s Why Dips Are Still Attractive"},"content":{"rendered":"
Bitcoin price started a downside correction from the $35,000 resistance. BTC could start a fresh increase unless there is a move below $32,800.<\/em><\/p>\n
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Bitcoin rallied toward the $35,000 resistance before the bears appeared.<\/li>\n
The price is trading above $33,200 and the 100 hourly Simple moving average.<\/li>\n
There is a key breakout pattern forming with resistance near $34,050 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could correct lower toward the $33,000 zone before it starts a fresh increase.<\/li>\n<\/ul>\n