{"id":520838,"date":"2023-02-24T03:11:51","date_gmt":"2023-02-24T03:11:51","guid":{"rendered":"https:\/\/uniquehot.com\/?p=520838"},"modified":"2024-06-11T08:04:04","modified_gmt":"2024-06-11T08:04:04","slug":"bitcoin-price-recovery-fade-24500","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-recovery-fade-24500\/","title":{"rendered":"Bitcoin Price Recovery Could Soon Fade If BTC Fails To Surpass $24,500"},"content":{"rendered":"
Bitcoin price is struggling to clear the $24,500 resistance zone. BTC must clear the $24,500 resistance and the 100 hourly SMA to start a decent increase.<\/em><\/p>\n
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Bitcoin is still struggling to clear the $24,500 resistance zone.<\/li>\n
The price is trading below $24,500 and the 100 hourly simple moving average.<\/li>\n
There is a new bearish trend line forming with resistance near $24,120 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could rise steadily if it clears the 100 hourly SMA and $24,500.<\/li>\n<\/ul>\n