{"id":508452,"date":"2022-11-15T02:53:23","date_gmt":"2022-11-15T02:53:23","guid":{"rendered":"https:\/\/ktsl888.com\/?p=508452"},"modified":"2024-06-11T08:59:48","modified_gmt":"2024-06-11T08:59:48","slug":"bitcoin-price-consolidates-17k-key","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-consolidates-17k-key\/","title":{"rendered":"Bitcoin Price Consolidates, Why 100 SMA Could Start A Decent Recovery"},"content":{"rendered":"
Bitcoin price remained stable above the $16,000 support zone. BTC could start a decent recovery wave if there is a clear move above the 100 hourly SMA.<\/em><\/p>\n
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Bitcoin remained well bid above the $16,000 and $15,800 support levels.<\/li>\n
The price is trading below $17,000 and the 100 hourly simple moving average.<\/li>\n
There is a major bearish trend line forming with resistance near $16,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could start a recovery wave if it clears the $17,000 resistance zone.<\/li>\n<\/ul>\n