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{"id":549210,"date":"2023-08-29T03:20:00","date_gmt":"2023-08-29T03:20:00","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=549210"},"modified":"2024-06-11T14:28:49","modified_gmt":"2024-06-11T14:28:49","slug":"bitcoin-price-vulnerable-26500","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/bitcoin-price-vulnerable-26500\/","title":{"rendered":"Bitcoin Price Still Vulnerable Unless It Surges Past $26,500"},"content":{"rendered":"

Bitcoin price is attempting an upside break above the $26,200 resistance. BTC must clear $26,200 and $26,500 to start a decent recovery wave.<\/em><\/p>\n

\n
Bitcoin is still struggling to clear the $26,500 resistance zone.<\/li>\n
The price is trading above $26,000 and the 100 hourly Simple moving average.<\/li>\n
There was a break above a short-term bearish trend line with resistance near $26,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could attempt a fresh increase if it clears $26,200 and $26,500.<\/li>\n<\/ul>\n
Bitcoin Price Faces Hurdles<\/h2>\n
Bitcoin price started a short-term upward move from the $25,720 zone. BTC was able to climb above the $26,000 resistance zone<\/a> but it is still facing a lot of hurdles.<\/p>\n
During the recent increase, it broke the 23.6% Fib retracement level of the downward move from the $26,779 swing high to the $25,778 low. Besides, there was a break above a short-term bearish trend line with resistance near $26,000 on the hourly chart of the BTC\/USD pair.<\/p>\n
Bitcoin is now trading above $26,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $26,175 and $26,200 levels.<\/p>\n
A clear move above the $26,200 level might send the price toward the key resistance at $26,500<\/a>. Intermediate resistance is near the 61.8% Fib retracement level of the downward move from the $26,779 swing high to the $25,778 low at $26,400.<\/p>\n
$\"Bitcoin$ <\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
To start a decent increase, the price must settle above $26,500. In the stated case, the price could test the $27,000 level. Any more gains might set the pace for a larger increase toward $28,200.<\/p>\n
Fresh Decline In BTC?<\/h2>\n
If Bitcoin fails to clear the $26,200 resistance, it could start another decline. Immediate support on the downside is near the $25,900 level.<\/p>\n
The next major support is near the $25,800 level. A downside break below the $25,800 level might push the price further lower. In the stated case, the price could drop toward $25,400.<\/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 $25,800, followed by $25,400.<\/p>\n
Major Resistance Levels \u2013 $26,200, $26,500, and $27,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is attempting an upside break above the $26,200 resistance. BTC must clear $26,200 and $26,500 to start a decent recovery wave. Bitcoin is still struggling to clear the $26,500 resistance zone. The price is trading above $26,000 and the 100 hourly Simple moving average. There was a break above a short-term bearish trend line with resistance near $26,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could attempt a fresh increase if it clears $26,200 and $26,500. Bitcoin Price Faces Hurdles Bitcoin price started a short-term upward move from the $25,720 zone. BTC was able to climb above the $26,000 resistance zone but it is still facing a lot of hurdles. During the recent increase, it broke the 23.6% Fib retracement level of the downward move from the $26,779 swing high to the $25,778 low. Besides, there was a break above a short-term bearish trend line with resistance near $26,000 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading above $26,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $26,175 and $26,200 levels. A clear move above the $26,200 level might send the price toward the key resistance at $26,500. Intermediate resistance is near the 61.8% Fib retracement level of the downward move from the $26,779 swing high to the $25,778 low at $26,400. Source: BTCUSD on TradingView.com To start a decent increase, the price must settle above $26,500. In the stated case, the price could test the $27,000 level. Any more gains might set the pace for a larger increase toward $28,200. Fresh Decline In BTC? If Bitcoin fails to clear the $26,200 resistance, it could start another decline. Immediate support on the downside is near the $25,900 level. The next major support is near the $25,800 level. A downside break below the $25,800 level might push the price further lower. In the stated case, the price could drop toward $25,400. 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 $25,800, followed by $25,400. Major Resistance Levels \u2013 $26,200, $26,500, and $27,000.<\/p>\n","protected":false},"author":67,"featured_media":463396,"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-549210","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":"\nBitcoin Price Still Vulnerable Unless It Surges Past $26,500<\/title>\n<meta name=\"description\" content=\"Bitcoin price is attempting an upside break above the $26,200 resistance. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. 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