{"id":549351,"date":"2023-08-30T02:52:49","date_gmt":"2023-08-30T02:52:49","guid":{"rendered":"https:\/\/ktsl888.com\/?p=549351"},"modified":"2024-06-11T07:49:52","modified_gmt":"2024-06-11T07:49:52","slug":"bitcoin-price-correction-28000","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-correction-28000\/","title":{"rendered":"Bitcoin Price Starts Correction Post Rally, Why Dips Could Be Attractive"},"content":{"rendered":"
Bitcoin price rallied above $26,500 and $27,000. BTC tested the $28,000 resistance zone and is currently correcting lower toward $27,000.<\/em><\/p>\n
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Bitcoin jumped and cleared the $26,500 resistance zone.<\/li>\n
The price is trading above $26,500 and the 100 hourly Simple moving average.<\/li>\n
There was a break above a key bearish trend line with resistance near $26,100 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair is correcting gains, but it might find bids near $27,000 or $26,700.<\/li>\n<\/ul>\n
Bitcoin Price Regains Strength<\/h2>\n
Bitcoin price started a decent increase following news that a US court ruled in favor of Grayscale against the SEC, opening the doors for ETF. BTC gained pace and was able to clear the $26,500 resistance zone<\/a>.<\/p>\n