{"id":405438,"date":"2019-11-26T06:00:39","date_gmt":"2019-11-26T06:00:39","guid":{"rendered":"https:\/\/uniquehot.com\/?p=405438"},"modified":"2024-06-11T13:34:30","modified_gmt":"2024-06-11T13:34:30","slug":"bitcoin-btc-price-bear-run-has-come-to-end","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-btc-price-bear-run-has-come-to-end\/","title":{"rendered":"Bitcoin (BTC) Price Bear Run Has Come To End?"},"content":{"rendered":"
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Bitcoin price tested the crucial $6,500 support area and started an upside correction against the US Dollar.<\/li>\n
The price is up around 10% and it even settled above the $7,000 resistance area.<\/li>\n
Yesterday\u2019s key bearish trend line was breached with resistance near $7,060 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The bulls are now facing a couple of important downtrend resistances near $7,350 and $7,700.<\/li>\n<\/ul>\n
Bitcoin price is showing a few positive signs above $7,000 against the US Dollar. However, the bear run might not end until BTC climbs back above $7,700.<\/em><\/p>\n
Bitcoin Price Analysis<\/h2>\n
Earlier this month, we discussed the chances of bitcoin hitting $7,400 and $6,500 against the US Dollar. BTC did decline heavily and recently tested the main $6,500 support area<\/a>.<\/p>\n