{"id":469887,"date":"2021-08-23T03:38:07","date_gmt":"2021-08-23T03:38:07","guid":{"rendered":"https:\/\/uniquehot.com\/?p=469887"},"modified":"2024-06-11T13:57:56","modified_gmt":"2024-06-11T13:57:56","slug":"bitcoin-breaks-50k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-breaks-50k\/","title":{"rendered":"TA: Bitcoin Breaks $50K, Why BTC Could Continue To Gain Momentum"},"content":{"rendered":"
Bitcoin price started a steady increase and it surpassed $50,000 against the US Dollar. BTC is likely to remain well bid and it might even clear $50,300<\/em><\/p>\n
\n
Bitcoin started a decent increase above the $48,000 and $48,500 resistance levels.<\/li>\n
The price is now trading above $48,000 and the 100 hourly simple moving average.<\/li>\n
There is a major bullish trend line forming with support near $49,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could accelerate further higher if it clears the $50,500 resistance zone in the near term.<\/li>\n<\/ul>\n
Bitcoin Price Gains Strength<\/h2>\n
Bitcoin price remained well bid above the $46,000 support zone. BTC formed a base above $46,000 and it started a fresh increase. There was a clear break above the $48,000 resistance zone and the 100 hourly simple moving average<\/a>.<\/p>\n