{"id":524760,"date":"2023-03-29T03:12:30","date_gmt":"2023-03-29T03:12:30","guid":{"rendered":"https:\/\/uniquehot.com\/?p=524760"},"modified":"2024-06-11T14:34:39","modified_gmt":"2024-06-11T14:34:39","slug":"bitcoin-price-correction-27k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-correction-27k\/","title":{"rendered":"Bitcoin Price Indicators Show Vulnerability to Another Downside Correction"},"content":{"rendered":"
Bitcoin price is attempting a recovery wave above the $27,000 resistance. BTC could gain bullish momentum if it clears the $27,700 resistance zone.<\/em><\/p>\n
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Bitcoin is slowly moving higher from the $26,500 support.<\/li>\n
The price is trading below $27,500 and the 100 hourly simple moving average.<\/li>\n
There is a key bearish trend line forming with resistance near $27,700 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could start a fresh decline if it fails to clear the $27,700 resistance zone.<\/li>\n<\/ul>\n