{"id":413195,"date":"2020-02-03T05:48:20","date_gmt":"2020-02-03T05:48:20","guid":{"rendered":"https:\/\/ktsl888.com\/?p=413195"},"modified":"2024-06-11T13:41:23","modified_gmt":"2024-06-11T13:41:23","slug":"bitcoin-defies-gravity-failed-head-and-shoulders-could-trigger-massive-rally","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-defies-gravity-failed-head-and-shoulders-could-trigger-massive-rally\/","title":{"rendered":"Bitcoin Defies Gravity: Failed Head And Shoulders Could Trigger Massive Rally"},"content":{"rendered":"
Bitcoin price jumped above the $9,550 resistance to invalidate a key head and shoulders pattern against the US Dollar. It seems like BTC is primed for a massive rally above $10,000.<\/em><\/p>\n
\n
Bitcoin bears failed to push the price below the main $9,150 support against the US Dollar.<\/li>\n
The bulls gained control, resulting in a fresh increase above $9,500.<\/li>\n
There is a connecting bullish trend line forming with support near $9,280 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
On the upside, the $9,500 and $9,580 levels hold the key for the next major rally.<\/li>\n<\/ul>\n