{"id":410602,"date":"2020-01-12T06:00:11","date_gmt":"2020-01-12T06:00:11","guid":{"rendered":"https:\/\/uniquehot.com\/?p=410602"},"modified":"2024-06-11T13:40:20","modified_gmt":"2024-06-11T13:40:20","slug":"bitcoin-price-primed-for-fresh-rally-and-only-1-thing-is-holding-it-back","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-primed-for-fresh-rally-and-only-1-thing-is-holding-it-back\/","title":{"rendered":"Bitcoin Price Primed For Fresh Rally And Only 1 Thing Is Holding It Back"},"content":{"rendered":"
Bitcoin is trading back in an uptrend above the $7,800 and $7,700 support levels against the US Dollar. BTC could start another strong uptrend if it settles above $8,200.<\/em><\/p>\n
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After a downside correction, bitcoin price found support near $7,700 against the US Dollar.<\/li>\n
The price is currently rising, but it is facing hurdles near $8,200 on the upside.<\/li>\n
There is a key breakout pattern forming with resistance near $8,160 on the 4-hours chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The price is likely to rally if it climbs above $8,160 and successfully settles above the $8,200 barrier.<\/li>\n<\/ul>\n