{"id":507268,"date":"2022-10-21T02:30:34","date_gmt":"2022-10-21T02:30:34","guid":{"rendered":"https:\/\/uniquehot.com\/?p=507268"},"modified":"2024-06-11T07:47:44","modified_gmt":"2024-06-11T07:47:44","slug":"bitcoin-price-still-consolidates-19k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-still-consolidates-19k\/","title":{"rendered":"Bitcoin Price Still Consolidates, What Could Trigger A Nasty Drop"},"content":{"rendered":"
Bitcoin price is struggling to climb higher above $19,200 against the US Dollar. BTC could start a major decline if it breaks the $18,900 and $18,500 support levels.<\/em><\/p>\n
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Bitcoin failed to gain pace and remained in a bearish zone below $19,500.<\/li>\n
The price is trading below $19,400 and the 100 hourly simple moving average.<\/li>\n
There is a short-term breakout pattern forming with resistance near $19,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could start a steady recovery if there is a clear move above $19,200 and then $19,500.<\/li>\n<\/ul>\n