{"id":625529,"date":"2024-06-20T02:35:40","date_gmt":"2024-06-20T02:35:40","guid":{"rendered":"https:\/\/wncen.com\/?p=625529"},"modified":"2024-06-20T02:35:40","modified_gmt":"2024-06-20T02:35:40","slug":"bitcoin-price-recover-65k","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-recover-65k\/","title":{"rendered":"Bitcoin Price Could Attempt to Recover Lost Ground But Faces Many Hurdles"},"content":{"rendered":"
Bitcoin price is consolidating above the $64,000 level. BTC could try to follow Ethereum and recover if it manages to clear the $65,650 resistance zone.<\/em><\/p>\n
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Bitcoin started a minor recovery wave above the $65,000 level.<\/li>\n
The price is trading below $65,500 and the 100 hourly Simple moving average.<\/li>\n
There is a short-term contracting triangle forming with resistance at $65,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could start a recovery wave if it clears the $65,400 and $65,650 resistance levels.<\/li>\n<\/ul>\n