{"id":406250,"date":"2019-12-05T06:00:47","date_gmt":"2019-12-05T06:00:47","guid":{"rendered":"https:\/\/uniquehot.com\/?p=406250"},"modified":"2024-06-11T12:49:28","modified_gmt":"2024-06-11T12:49:28","slug":"bitcoin-btc-could-rise-again-before-fresh-monthly-low","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-btc-could-rise-again-before-fresh-monthly-low\/","title":{"rendered":"Bitcoin (BTC) Could Rise Again Before Fresh Monthly Low"},"content":{"rendered":"
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Bitcoin price is back to where it started and trading below the $7,380 resistance against the US Dollar.<\/li>\n
The price is currently under pressure, but it is likely to hold the $7,100 support area.<\/li>\n
There is a short term contracting triangle forming with resistance near $7,220 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could rise again towards the $7,380 and $7,400 resistance levels, where sellers might emerge.<\/li>\n<\/ul>\n
Bitcoin price is back in a bearish zone below $7,400 against the US Dollar. BTC is likely to remain capped below the $7,400 and $7,440 resistance levels.<\/em><\/p>\n