{"id":408798,"date":"2019-12-26T06:00:38","date_gmt":"2019-12-26T06:00:38","guid":{"rendered":"https:\/\/uniquehot.com\/?p=408798"},"modified":"2024-06-11T12:49:20","modified_gmt":"2024-06-11T12:49:20","slug":"bitcoin-at-crossroads-bulls-protect-7000","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-at-crossroads-bulls-protect-7000\/","title":{"rendered":"Bitcoin at Major Crossroads, Can Bulls Protect $7,000?"},"content":{"rendered":"
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Bitcoin price is just holding the key $7,120 and $7,000 support levels against the US Dollar.<\/li>\n
A bearish break below the $7,000 support could start a short term downtrend.<\/li>\n
There are two bearish trend lines forming with resistance near $7,240 and $7,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair is likely to tumble if it struggle to recover above $7,400 in the coming sessions.<\/li>\n<\/ul>\n
Bitcoin price is struggling to stay above $7,120 and $7,000 supports against the US Dollar. BTC needs to recover above $7,240 and $7,400 to avoid a strong decline.<\/em><\/p>\n
Bitcoin Price Analysis<\/h2>\n
In the past three days, bitcoin price declined steadily from the $7,700 resistance area against the US Dollar. The price broke a few key supports near the $7,400 and $7,300 levels.<\/p>\n