{"id":639698,"date":"2024-09-04T03:01:17","date_gmt":"2024-09-04T03:01:17","guid":{"rendered":"https:\/\/ktsl888.com\/?p=639698"},"modified":"2024-09-04T03:01:17","modified_gmt":"2024-09-04T03:01:17","slug":"bitcoin-price-slips-56k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-slips-56k\/","title":{"rendered":"Bitcoin Price Slips Again: Is This the Start of a Bigger Drop?"},"content":{"rendered":"
Bitcoin price started another decline below the $57,200 zone. BTC is showing bearish signs and might soon test the $55,000 support zone.<\/em><\/p>\n
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Bitcoin is gaining pace below the $58,000 support zone.<\/li>\n
The price is trading below $57,500 and the 100 hourly Simple moving average.<\/li>\n
There was a break below a connecting bullish trend line with support at $58,900 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could struggle to recover above the $57,650 or $58,000 resistance levels in the near term.<\/li>\n<\/ul>\n