{"id":543036,"date":"2023-07-18T03:20:43","date_gmt":"2023-07-18T03:20:43","guid":{"rendered":"https:\/\/uniquehot.com\/?p=543036"},"modified":"2024-06-11T14:38:46","modified_gmt":"2024-06-11T14:38:46","slug":"bitcoin-price-30500-fresh-rally","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-30500-fresh-rally\/","title":{"rendered":"Bitcoin Price Needs To Clear $30,500 For Hopes of a Fresh Rally"},"content":{"rendered":"
Bitcoin price is again moving lower toward the $29,200 level. BTC must surpass $30,500 to attempt a fresh increase in the near term.<\/em><\/p>\n
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Bitcoin is showing bearish signs and trading well below the $30,500 zone.<\/li>\n
The price is trading below $30,300 and the 100 hourly Simple moving average.<\/li>\n
There is a key bearish trend line forming with resistance near $30,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could continue to move down if it stays below the $30,500 resistance.<\/li>\n<\/ul>\n