{"id":171700,"date":"2023-03-02T13:26:12","date_gmt":"2023-03-02T13:26:12","guid":{"rendered":"https:\/\/precoinnews.com\/?p=171700"},"modified":"2023-03-02T13:26:12","modified_gmt":"2023-03-02T13:26:12","slug":"bitcoin-struggles-above-23000-and-faces-rejection-at-24000","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/bitcoin-struggles-above-23000-and-faces-rejection-at-24000\/","title":{"rendered":"Bitcoin Struggles Above $23,000 And Faces Rejection At $24,000"},"content":{"rendered":"

Bitcoin (BTC) price has continued to hold above the moving average lines after being rejected at the $24,000 resistance level. <\/strong><\/p>\n

Bitcoin price long-term forecast: bullish <\/h2>\n

Buyers have tried twice unsuccessfully to break the recent high. However, if the price bars remain above the moving average lines, the current retest could continue. Today, the 21-day line SMA has pulled back to the upside, and the comeback will allow BTC to rise above $24,000 and reach a high of $25,000. However, if the $25,000 level is broken, the uptrend will resume. The bullish momentum will accelerate if the psychological price threshold of $30,000 is reached. Bitcoin will fall and be trapped between the moving average lines if the BTC price falls back below the 21-day line SMA. The cryptocurrency value will have to stay in a range between the moving average lines for a few days.<\/p>\n

Bitcoin indicator display <\/h2>\n

The relative strength index of the cryptocurrency for the period 14 is still at 51. The price of Bitcoin has stabilized at this level as supply and demand are in balance. Bitcoin price bars continue to be above the moving average lines, indicating a possible increase. Bitcoin is experiencing bearish momentum below the daily stochastic level of 50. Selling pressure has eased above the $23,000 support.<\/p>\n

<\/p>\n

Technical indicators: <\/h3>\n

Key resistance levels – $30,000 and $35,000 <\/b><\/p>\n

<\/b><\/p>\n

Key support levels – $20,000 and $15,000<\/b><\/p>\n

What is the next direction for BTC\/USD? <\/h2>\n

Bitcoin traded in a limited range after the price decline on February 24. The price of the cryptocurrency moved between $23,000 and $24,000. Buyers failed to sustain the bullish momentum above the current high last week.<\/p>\n

<\/p>\n

Disclaimer. This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol. Readers should do their research before investing in funds.<\/span><\/i><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) price has continued to hold<\/p>\n","protected":false},"author":3,"featured_media":171699,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nBitcoin Struggles Above $23,000 And Faces Rejection At $24,000 - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/bitcoin-struggles-above-23000-and-faces-rejection-at-24000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Struggles Above $23,000 And Faces Rejection At $24,000 - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Bitcoin (BTC) price has continued to hold\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/bitcoin-struggles-above-23000-and-faces-rejection-at-24000\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-02T13:26:12+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2023\/03\/Bitcoin-Struggles-Above-23000-And-Faces-Rejection-At-24000.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/bitcoin-struggles-above-23000-and-faces-rejection-at-24000\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/bitcoin-struggles-above-23000-and-faces-rejection-at-24000\/\",\"name\":\"Bitcoin Struggles Above $23,000 And Faces Rejection At $24,000 - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2023-03-02T13:26:12+00:00\",\"dateModified\":\"2023-03-02T13:26:12+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/crypto\/bitcoin-struggles-above-23000-and-faces-rejection-at-24000\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/crypto\/bitcoin-struggles-above-23000-and-faces-rejection-at-24000\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/bitcoin-struggles-above-23000-and-faces-rejection-at-24000\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto\",\"item\":\"https:\/\/precoinnews.com\/category\/crypto\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Bitcoin Struggles Above $23,000 And Faces Rejection At $24,000\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin Struggles Above $23,000 And Faces Rejection At $24,000 - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/crypto\/bitcoin-struggles-above-23000-and-faces-rejection-at-24000\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Struggles Above $23,000 And Faces Rejection At $24,000 - Pre Coin News","og_description":"Bitcoin (BTC) price has continued to hold","og_url":"https:\/\/precoinnews.com\/crypto\/bitcoin-struggles-above-23000-and-faces-rejection-at-24000\/","og_site_name":"Pre Coin News","article_published_time":"2023-03-02T13:26:12+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2023\/03\/Bitcoin-Struggles-Above-23000-And-Faces-Rejection-At-24000.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/crypto\/bitcoin-struggles-above-23000-and-faces-rejection-at-24000\/","url":"https:\/\/precoinnews.com\/crypto\/bitcoin-struggles-above-23000-and-faces-rejection-at-24000\/","name":"Bitcoin Struggles Above $23,000 And Faces Rejection At $24,000 - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2023-03-02T13:26:12+00:00","dateModified":"2023-03-02T13:26:12+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/crypto\/bitcoin-struggles-above-23000-and-faces-rejection-at-24000\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/crypto\/bitcoin-struggles-above-23000-and-faces-rejection-at-24000\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/crypto\/bitcoin-struggles-above-23000-and-faces-rejection-at-24000\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Crypto","item":"https:\/\/precoinnews.com\/category\/crypto\/"},{"@type":"ListItem","position":3,"name":"Bitcoin Struggles Above $23,000 And Faces Rejection At $24,000"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/171700"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=171700"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/171700\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/171699"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=171700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=171700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=171700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}