{"id":637936,"date":"2024-08-27T03:23:38","date_gmt":"2024-08-27T03:23:38","guid":{"rendered":"https:\/\/uniquehot.com\/?p=637936"},"modified":"2024-08-27T03:23:38","modified_gmt":"2024-08-27T03:23:38","slug":"bitcoin-price-slips-63500","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-slips-63500\/","title":{"rendered":"Bitcoin Price Slips, But Key Support Remains Intact"},"content":{"rendered":"
Bitcoin price started a downside correction from the $65,000 resistance zone. BTC could revisit $61,750 before it starts a fresh increase in the near term.<\/em><\/p>\n
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Bitcoin failed to clear the $65,000 resistance zone and corrected gains.<\/li>\n
The price is trading below $63,500 and the 100 hourly Simple moving average.<\/li>\n
There was a break below a key bullish trend line with support at $63,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair might slip further toward the $61,750 level before the bulls appear.<\/li>\n<\/ul>\n