{"id":419547,"date":"2020-03-31T05:28:40","date_gmt":"2020-03-31T05:28:40","guid":{"rendered":"https:\/\/uniquehot.com\/?p=419547"},"modified":"2024-06-11T13:46:58","modified_gmt":"2024-06-11T13:46:58","slug":"bitcoin-just-rejected-6600-short-term-correction","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-just-rejected-6600-short-term-correction\/","title":{"rendered":"Bitcoin Just Rejected $6,600 and Its Vulnerable To a Short-Term Correction"},"content":{"rendered":"
Bitcoin is up more than 8% and it broke the $6,500 resistance area against the US Dollar. BTC price is now struggling to clear $6,600 and it could correct lower in the short term.<\/em><\/p>\n
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Bitcoin gained bullish momentum above the $6,200 and $6,400 levels against the US Dollar.<\/li>\n
The price topped near the $6,640 level and it is currently correcting lower.<\/li>\n
There is a connecting bullish trend line forming with support near $6,420 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could correct lower towards the $6,280 area if it breaks the trend line support.<\/li>\n<\/ul>\n