{"id":177201,"date":"2023-10-19T16:30:00","date_gmt":"2023-10-19T11:00:00","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=177201"},"modified":"2023-10-19T16:30:00","modified_gmt":"2023-10-19T11:00:00","slug":"resilient-bitcoin-defies-interest-rate-pressures-and-technical-resistance-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/resilient-bitcoin-defies-interest-rate-pressures-and-technical-resistance-crypto-news\/","title":{"rendered":"Resilient Bitcoin defies interest rate pressures and technical resistance – Crypto News"},"content":{"rendered":"

<\/p>\n

Quick Take<\/h2>\n

In a striking reversal from the start of the week, CryptoSlate<\/a><\/em> reports a resurgence of Bitcoin, which was grappling beneath key technical levels but has since ascended above them.<\/p>\n

This recovery is significant, given the substantial resistance observed near $28,000, a level influenced by the 200-week, 200-day, and 111-day moving averages and the short-term holder\u2019s realized price.<\/p>\n

Technical Pricing Model: (Source: Glassnode)<\/figcaption><\/figure>\n

The rebound is even more noteworthy considering the imminent 5% benchmark of the US10Y, a critical yield that sets the global interest rate benchmark. This key indicator is gearing up to hit levels unseen since before the 2007 financial crisis, entailing a tightening economic environment and adding pressure on risk assets like Bitcoin.<\/p>\n

\"US10Y
US10Y and US02Y: (Source: Trading View)<\/figcaption><\/figure>\n

Amplifying these developments is the US02Y yield, which has cleared the 2006 peak at 5.253% and recorded its highest level since 2000.<\/p>\n

The post Resilient Bitcoin defies interest rate pressures and technical resistance<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Quick Take In a striking reversal from the start of the week, CryptoSlate reports a resurgence of Bitcoin, which was grappling beneath key technical levels but has since ascended above them. This recovery is significant, given the substantial resistance observed near $28,000, a level influenced by the 200-week, 200-day, and 111-day moving averages and the […]<\/p>\n","protected":false},"author":2,"featured_media":177202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-177201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=177201"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177201\/revisions"}],"predecessor-version":[{"id":177203,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177201\/revisions\/177203"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/177202"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=177201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=177201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=177201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}