{"id":558140,"date":"2023-10-30T03:07:18","date_gmt":"2023-10-30T03:07:18","guid":{"rendered":"https:\/\/ktsl888.com\/?p=558140"},"modified":"2024-06-11T10:42:13","modified_gmt":"2024-06-11T10:42:13","slug":"bitcoin-price-consolidates-35k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-consolidates-35k\/","title":{"rendered":"Bitcoin Price Consolidates Below $35K \u2013 Here\u2019s What Could Trigger Bearish Reaction"},"content":{"rendered":"
Bitcoin price attempted a fresh increase above the $34,500. BTC could start a major downside correction if there is a close below the 100 hourly SMA.<\/em><\/p>\n
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Bitcoin is still struggling to clear the $35,000 resistance.<\/li>\n
The price is trading above $34,200 and the 100 hourly Simple moving average.<\/li>\n
There is a key rising channel forming with support near $34,300 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could decline sharply if there is a close below $34,000 and then $33,400.<\/li>\n<\/ul>\n