BTCUSD on TradingView.com<\/a><\/p>\nA close above the $27,550 resistance might start a decent increase. The next key resistance is near $28,000, above which the price might gain bullish momentum and test the $29,200 resistance. Any more gains might send the price toward the $30,000 level.<\/p>\n
Fresh Decline in BTC?<\/h2>\n If Bitcoin\u2019s price fails to clear the $27,550 resistance, it could start a fresh decline. Immediate support on the downside is near the $27,000 level and the 100 hourly SMA.<\/p>\n
The next major support is near the $26,800 zone, below which the price might struggle to recover. In the stated case, it could revisit the $26,550 level. Any more losses might take Bitcoin toward the $26,000 level in the near term.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n
Major Support Levels \u2013 $27,000, followed by $26,550.<\/p>\n
Major Resistance Levels \u2013 $27,420, $27,550, and $28,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is rising above $27,200. BTC might gain bullish momentum if it clears the key $28,000 resistance zone in the coming sessions. Bitcoin is moving higher above the $27,000 and $27,200 levels. The price is trading above $27,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance near $27,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could start a fresh rally if it clears the $27,550 and $28,000 resistance levels. Bitcoin Price Attempts Upside Break Bitcoin price started a fresh decline below the $26,800 level. BTC retested the $26,550 support zone and recently started a fresh increase. There was a decent upward move above the $27,000 resistance zone. Besides, there was a break above a connecting bearish trend line with resistance near $27,000 on the hourly chart of the BTC\/USD pair. Bitcoin price is now trading above $27,000 and the 100 hourly Simple moving average. It is also above the 61.8% Fib retracement level of the downward move from the $27,677 swing high to the $26,550 low. Immediate resistance is now forming near the $27,420 level. The 76.4% Fib retracement level of the downward move from the $27,677 swing high to the $26,550 low is also near the $27,420 level. The next major resistance is near the $27,550 level. Source: BTCUSD on TradingView.com A close above the $27,550 resistance might start a decent increase. The next key resistance is near $28,000, above which the price might gain bullish momentum and test the $29,200 resistance. Any more gains might send the price toward the $30,000 level. Fresh Decline in BTC? If Bitcoin\u2019s price fails to clear the $27,550 resistance, it could start a fresh decline. Immediate support on the downside is near the $27,000 level and the 100 hourly SMA. The next major support is near the $26,800 zone, below which the price might struggle to recover. In the stated case, it could revisit the $26,550 level. Any more losses might take Bitcoin toward the $26,000 level in the near term. Technical indicators: Hourly MACD \u2013 The MACD is now losing 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 $27,000, followed by $26,550. Major Resistance Levels \u2013 $27,420, $27,550, and $28,000.<\/p>\n","protected":false},"author":67,"featured_media":464343,"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-533698","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
Bitcoin Price Close Above $28K Could Spark A Fresh Rally<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n