{"id":457430,"date":"2021-02-24T03:18:18","date_gmt":"2021-02-24T03:18:18","guid":{"rendered":"https:\/\/ktsl888.com\/?p=457430"},"modified":"2024-06-11T14:13:33","modified_gmt":"2024-06-11T14:13:33","slug":"bitcoin-could-struggle-near-52k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-could-struggle-near-52k\/","title":{"rendered":"TA: Bitcoin Recovers From $45K, Why It Could Struggle Near $52K"},"content":{"rendered":"
Bitcoin price extended its decline and tested the $45,000 support against the US Dollar. BTC is now recovering losses, but the $52,000 zone is likely to act as a strong resistance.<\/em><\/p>\n
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Bitcoin declined heavily below $50,000 and it even tested the $45,000 support zone.<\/li>\n
The price is recovering towards $50,000 and it is well below the 100 hourly simple moving average.<\/li>\n
There is a key bearish trend line forming with resistance near $51,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The previous support near $51,800 and $52,000 could act as a strong barrier.<\/li>\n<\/ul>\n