{"id":469612,"date":"2021-08-19T03:08:06","date_gmt":"2021-08-19T03:08:06","guid":{"rendered":"https:\/\/ktsl888.com\/?p=469612"},"modified":"2024-06-11T13:57:50","modified_gmt":"2024-06-11T13:57:50","slug":"bitcoin-turns-red-42k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-turns-red-42k\/","title":{"rendered":"TA: Bitcoin Turns Red, What Could Trigger More Downsides"},"content":{"rendered":"
Bitcoin price struggled to recover above the $46,000 resistance against the US Dollar. BTC could continue lower below the $44,200 support zone in the near term.<\/em><\/p>\n
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Bitcoin is facing a major resistance near the $45,500 and $46,000 levels.<\/li>\n
The price is now trading below $45,000 and the 100 hourly simple moving average.<\/li>\n
There is a major bearish trend line forming with resistance near $45,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could accelerate further lower if there is a clear break below the $44,200 level.<\/li>\n<\/ul>\n
Bitcoin Price Remains At Risk<\/h2>\n
Bitcoin price traded as low as $44,258 before it attempted an upside correction. BTC managed to recover above the $45,000 resistance level<\/a>.<\/p>\n