{"id":463998,"date":"2021-05-18T03:08:54","date_gmt":"2021-05-18T03:08:54","guid":{"rendered":"https:\/\/uniquehot.com\/?p=463998"},"modified":"2024-06-11T13:55:49","modified_gmt":"2024-06-11T13:55:49","slug":"bitcoin-aims-strong-recovery-42k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-aims-strong-recovery-42k\/","title":{"rendered":"TA: Bitcoin Aims Strong Recovery, Here\u2019s A Key Pattern For Short-term Bottom"},"content":{"rendered":"
Bitcoin price is likely forming a double bottom pattern near the $42,150 zone against the US Dollar. BTC is showing positive signs and it could climb towards $47,000.<\/em><\/p>\n
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Bitcoin is finding a strong buying interest above the $42,000 and $42,150 support levels.<\/li>\n
The price is still trading well below $47,000 and the 100 hourly simple moving average.<\/li>\n
There was a break above a connecting bearish trend line with resistance near $44,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair is likely forming a short-term double bottom pattern with support near $42,150.<\/li>\n<\/ul>\n