{"id":514369,"date":"2023-01-01T21:51:02","date_gmt":"2023-01-02T02:51:02","guid":{"rendered":"https:\/\/ktsl888.com\/?p=514369"},"modified":"2024-06-11T14:35:08","modified_gmt":"2024-06-11T14:35:08","slug":"bitcoin-price-consolidates-16-5k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-consolidates-16-5k\/","title":{"rendered":"Bitcoin Price Consolidates In Key Range, What Could Trigger Next Move"},"content":{"rendered":"
Bitcoin price is still facing resistance below $17,000. BTC could decline heavily if there is a clear move below the $16,000 support zone.<\/em><\/p>\n
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Bitcoin is still showing bearish signs below the $16,800 and $17,000 resistance levels.<\/li>\n
The price is trading above $16,500 and the 100 hourly simple moving average.<\/li>\n
There was a break above a key bearish trend line with resistance near $16,550 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could resume its decline if there is a clear move below the $16,000 support.<\/li>\n<\/ul>\n