{"id":523457,"date":"2023-03-17T03:24:48","date_gmt":"2023-03-17T03:24:48","guid":{"rendered":"https:\/\/ktsl888.com\/?p=523457"},"modified":"2024-06-11T10:44:38","modified_gmt":"2024-06-11T10:44:38","slug":"bitcoin-price-restarts-rally-26k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-restarts-rally-26k\/","title":{"rendered":"Bitcoin Price Restarts Rally As The Bulls Target New Monthly High"},"content":{"rendered":"<p><em>Bitcoin price is again gaining pace above the $25,000 resistance. BTC could rise further if it clears the $26,500 resistance zone.<\/em><\/p>\n<ul>\n<li>Bitcoin is moving higher and gaining pace above the $25,200 resistance.<\/li>\n<li>The price is trading above $25,000 and the 100 hourly simple moving average.<\/li>\n<li>There was a break above a major bearish trend line with resistance near $24,450 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could rally further if it stays above the $25,200 support zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Regains Strength<\/h2>\n<p>Bitcoin price started a <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-reaches-inflection-zone-24k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">downside correction<\/a> below the $25,000 support zone. BTC traded below the $24,500 level, but the bulls were active near the $24,000 zone.<\/p>\n<p>A low was formed near $23,913 and the price started a fresh increase. There was a clear move above the $24,500 resistance zone. The price even cleared the 50% Fib retracement level of the downward move from the $26,525 swing high to $23,913 low.<\/p>\n<p>Besides, there was a break above a major bearish trend line with resistance near $24,450 on the hourly chart of the BTC\/USD pair. Bitcoin price is now trading above $25,000 and the 100 hourly simple moving average.<\/p>\n<p>On the upside, an immediate resistance is near the $25,900 level. It is near the 76.4% Fib retracement level of the downward move from the $26,525 swing high to $23,913 low. The next major resistance is near the $26,500 zone. A close above the $26,500 resistance <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-corrects-sharply-24k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">might start another surge<\/a>.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Bitcoin-12.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-523458\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Bitcoin-12.png?resize=1834%2C845\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Bitcoin-12.png?w=1834 1834w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Bitcoin-12.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Bitcoin-12.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Bitcoin-12.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Bitcoin-12.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Bitcoin-12.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Bitcoin-12.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/p>\n<p>In the stated case, the price could rally towards the $27,200 level. The next key resistance is near the $28,000 zone, above which the price might rise towards $28,800.<\/p>\n<h2>Dips Supported in BTC?<\/h2>\n<p>If bitcoin price fails to clear the $25,900 resistance, it could start another decline. An immediate support on the downside is near the $25,200 zone.<\/p>\n<p>The next major support is near the $24,500 zone and the 100 hourly simple moving average, below which the price gain bearish momentum. The next major support is near the $24,000 level. Any more losses might send the price towards the $23,200 level.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $25,200, followed by $24,500.<\/p>\n<p>Major Resistance Levels \u2013 $25,900, $26,500 and $27,200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is again gaining pace above the $25,000 resistance. BTC could rise further if it clears the $26,500 resistance zone. Bitcoin is moving higher and gaining pace above the $25,200 resistance. The price is trading above $25,000 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $24,450 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could rally further if it stays above the $25,200 support zone. Bitcoin Price Regains Strength Bitcoin price started a downside correction below the $25,000 support zone. BTC traded below the $24,500 level, but the bulls were active near the $24,000 zone. A low was formed near $23,913 and the price started a fresh increase. There was a clear move above the $24,500 resistance zone. The price even cleared the 50% Fib retracement level of the downward move from the $26,525 swing high to $23,913 low. Besides, there was a break above a major bearish trend line with resistance near $24,450 on the hourly chart of the BTC\/USD pair. Bitcoin price is now trading above $25,000 and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $25,900 level. It is near the 76.4% Fib retracement level of the downward move from the $26,525 swing high to $23,913 low. The next major resistance is near the $26,500 zone. A close above the $26,500 resistance might start another surge. Source: BTCUSD on TradingView.com In the stated case, the price could rally towards the $27,200 level. The next key resistance is near the $28,000 zone, above which the price might rise towards $28,800. Dips Supported in BTC? If bitcoin price fails to clear the $25,900 resistance, it could start another decline. An immediate support on the downside is near the $25,200 zone. The next major support is near the $24,500 zone and the 100 hourly simple moving average, below which the price gain bearish momentum. The next major support is near the $24,000 level. Any more losses might send the price towards the $23,200 level. Technical indicators: Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level. Major Support Levels \u2013 $25,200, followed by $24,500. Major Resistance Levels \u2013 $25,900, $26,500 and $27,200.<\/p>\n","protected":false},"author":67,"featured_media":462847,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,679,1144,78790,76835],"class_list":["post-523457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n<title>Bitcoin Price Restarts Rally As The Bulls Target New Monthly High<\/title>\n<meta name=\"description\" content=\"Bitcoin price is again gaining pace above the $25,000 resistance. 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