{"id":457598,"date":"2021-02-26T03:18:38","date_gmt":"2021-02-26T03:18:38","guid":{"rendered":"https:\/\/ktsl888.com\/?p=457598"},"modified":"2024-06-11T14:13:36","modified_gmt":"2024-06-11T14:13:36","slug":"bitcoin-price-is-at-risk-45k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-is-at-risk-45k\/","title":{"rendered":"TA: Why Bitcoin Price Is At Risk of A Drop Below $45,000"},"content":{"rendered":"
Bitcoin price failed to settle above the $50,000 pivot zone against the US Dollar. BTC is now showing bearish signs and it seems like it could even decline below the $45,000 support.<\/em><\/p>\n
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Bitcoin started a fresh decline after it failed to clear the $51,500 and $52,000 resistance levels.<\/li>\n
The price is now trading well below the $50,000 level and the 100 hourly simple moving average.<\/li>\n
There was a break below a key bullish trend line with support at $49,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could move down further towards $45,000 or even $42,000 if it remains in the red zone.<\/li>\n<\/ul>\n
Bitcoin Price is Showing Bearish Signs<\/h2>\n
After a clear break above the $50,000 level, bitcoin recovered further above $51,000. However, BTC faced a strong selling interest near the $52,000 level (as discussed in the last two analysis<\/a>).<\/p>\n