{"id":485714,"date":"2022-03-11T03:08:24","date_gmt":"2022-03-11T03:08:24","guid":{"rendered":"https:\/\/uniquehot.com\/?p=485714"},"modified":"2024-06-11T14:18:14","modified_gmt":"2024-06-11T14:18:14","slug":"bitcoin-more-downsides-38k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-more-downsides-38k\/","title":{"rendered":"TA: Bitcoin Key Indicators Suggest Strengthening Case For More Downsides"},"content":{"rendered":"
Bitcoin gained bearish momentum below $40,000 against the US Dollar. BTC is at risk of more downsides towards the $37,200 and $36,600 levels.<\/em><\/p>\n
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Bitcoin started another decline below the $40,000 and $39,000 levels.<\/li>\n
The price is trading below $39,000 and the 100 hourly simple moving average.<\/li>\n
There is a key bearish trend line forming with resistance near $39,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair might continue to move down unless the bulls able to push the price above $39,550.<\/li>\n<\/ul>\n