{"id":640172,"date":"2024-09-06T02:28:04","date_gmt":"2024-09-06T02:28:04","guid":{"rendered":"https:\/\/ktsl888.com\/?p=640172"},"modified":"2024-09-06T02:28:04","modified_gmt":"2024-09-06T02:28:04","slug":"bitcoin-price-struggles-58500","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-struggles-58500\/","title":{"rendered":"Bitcoin Price Struggles: Can Bulls Step In to Save the Week?"},"content":{"rendered":"
Bitcoin price declined and retested the $55,600 support zone. BTC is now struggling and might face hurdles near the $57,000 resistance level.<\/em><\/p>\n
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Bitcoin is struggling to recover above the $57,750 zone.<\/li>\n
The price is trading below $57,200 and the 100 hourly Simple moving average.<\/li>\n
There is a connecting bearish trend line forming with resistance at $57,050 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could struggle to recover above the $57,000 or $57,750 resistance levels in the near term.<\/li>\n<\/ul>\n