{"id":525935,"date":"2023-04-07T02:57:12","date_gmt":"2023-04-07T02:57:12","guid":{"rendered":"https:\/\/ktsl888.com\/?p=525935"},"modified":"2024-06-11T14:34:55","modified_gmt":"2024-06-11T14:34:55","slug":"bitcoin-price-extends-consolidation-28500","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-extends-consolidation-28500\/","title":{"rendered":"Bitcoin Price Extends Consolidation, Why Upsides Could be Contained"},"content":{"rendered":"
Bitcoin price started a consolidation phase below the $28,800 resistance. BTC is struggling and might face heavy selling interest above $28,500 and $28,800.<\/em><\/p>\n
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Bitcoin is slowly moving lower and trading well below the $28,800 resistance zone.<\/li>\n
The price is trading below $28,200 and the 100 hourly Simple moving average.<\/li>\n
There is a key bearish trend line forming with resistance near $28,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could start a fresh increase if it clears the $28,250 resistance level.<\/li>\n<\/ul>\n