{"id":471222,"date":"2021-09-09T03:08:17","date_gmt":"2021-09-09T03:08:17","guid":{"rendered":"https:\/\/ktsl888.com\/?p=471222"},"modified":"2024-06-11T13:58:28","modified_gmt":"2024-06-11T13:58:28","slug":"bitcoin-price-risk-42k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-risk-42k\/","title":{"rendered":"TA: Why Bitcoin Price At Risk of A Fresh Drop To $42K"},"content":{"rendered":"
Bitcoin price corrected gains and moved above $45,000 against the US Dollar. BTC is now struggling to surpass $47,000 and it could start another decline.<\/em><\/p>\n
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Bitcoin is facing a major resistance near $47,500 and $48,000 levels.<\/li>\n
The price is now trading well below $48,000 and the 100 hourly simple moving average.<\/li>\n
There is a key bearish trend line forming with resistance near $47,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could start a fresh decline as long as it is trading below the $48,000 pivot level.<\/li>\n<\/ul>\n