{"id":564937,"date":"2023-12-12T03:46:35","date_gmt":"2023-12-12T03:46:35","guid":{"rendered":"https:\/\/uniquehot.com\/?p=564937"},"modified":"2024-06-11T14:43:07","modified_gmt":"2024-06-11T14:43:07","slug":"bitcoin-price-holds-support-40k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-holds-support-40k\/","title":{"rendered":"Bitcoin Price Holds Key Support, Can Bulls Overcome This Key Hurdle?"},"content":{"rendered":"
Bitcoin price dived again and retested the $40,000 support zone. BTC is rising, but it must clear $42,350 to move into a positive zone.<\/em><\/p>\n
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Bitcoin is attempting a fresh increase from the $40,000 support zone.<\/li>\n
The price is trading below $43,600 and the 100 hourly Simple moving average.<\/li>\n
There was a break above a connecting bearish trend line with resistance near $41,300 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could gain bullish momentum once it clears the $42,350 resistance zone.<\/li>\n<\/ul>\n