{"id":375820,"date":"2019-03-24T05:00:55","date_gmt":"2019-03-24T05:00:55","guid":{"rendered":"https:\/\/uniquehot.com\/?p=375820"},"modified":"2024-06-11T13:38:57","modified_gmt":"2024-06-11T13:38:57","slug":"bitcoin-btc-price-still-in-strong-uptrend-buying-dips-favored","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-btc-price-still-in-strong-uptrend-buying-dips-favored\/","title":{"rendered":"Bitcoin (BTC) Price Still In Strong Uptrend, Buying Dips Favored"},"content":{"rendered":"
\n
Bitcoin price traded to a new monthly high at $4,064 and later corrected lower against the US Dollar.<\/li>\n
The price declined sharply below $3,950, but dips remained supported above $3,900.<\/li>\n
There is a crucial bullish trend line formed with support at $3,920 on the 4-hours chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair remains well supported on dips near the $3,920 level and the 100 simple moving average (4-hours).<\/li>\n<\/ul>\n
Bitcoin price is still in a strong uptrend despite recent bearish moves against the US Dollar. BTC\/USD is likely to find a solid buying interest if it dips towards $3,940 or $3,920.<\/em><\/p>\n