{"id":456562,"date":"2021-02-12T03:18:26","date_gmt":"2021-02-12T03:18:26","guid":{"rendered":"https:\/\/uniquehot.com\/?p=456562"},"modified":"2024-06-11T14:13:18","modified_gmt":"2024-06-11T14:13:18","slug":"bitcoin-bulls-could-aim-50k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-bulls-could-aim-50k\/","title":{"rendered":"TA: Why Bitcoin Bulls Could Aim $50K After Recent Rally To $48.6K"},"content":{"rendered":"
Bitcoin price started a fresh upward move from the $44,000 zone against the US Dollar. BTC traded to a new all-time high near $48,680 and it is likely to continue higher towards $50,000.<\/em><\/p>\n
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Bitcoin is showing a lot of positive signs above the $46,000 and $47,500 resistance levels.<\/li>\n
The price is trading above the $48,000 resistance and the 100 hourly simple moving average.<\/li>\n
There is a key contracting triangle pattern forming with support near $47,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair is likely to continue higher towards the $50,000 level as long as it is above $47,000.<\/li>\n<\/ul>\n