{"id":553050,"date":"2023-09-27T03:21:51","date_gmt":"2023-09-27T03:21:51","guid":{"rendered":"https:\/\/ktsl888.com\/?p=553050"},"modified":"2024-06-11T14:45:26","modified_gmt":"2024-06-11T14:45:26","slug":"bitcoin-price-recovery-26k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-recovery-26k\/","title":{"rendered":"Bitcoin Price Could See Recovery If It Holds This Key Support"},"content":{"rendered":"<p><em>Bitcoin price is consolidating above the $26,000 support. BTC could start a recovery wave if it clears the $26,500 resistance zone in the near term.<\/em><\/p>\n<ul>\n<li>Bitcoin is still consolidating above the $26,000 support zone.<\/li>\n<li>The price is trading below $26,400 and the 100 hourly Simple moving average.<\/li>\n<li>There is a major bearish trend line forming with resistance near $26,300 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could start a decent recovery wave unless there is a clear move below $26,000.<\/li>\n<\/ul>\n<h2>Bitcoin Price Eyes Recovery<\/h2>\n<p>Bitcoin price remained stable above the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-turns-vulnerable-26500\/\" target=\"_blank\" rel=\"noopener \">$26,000 support zone<\/a>. BTC seems to be forming a short-term support base above the $26,000 level and is currently consolidating.<\/p>\n<p>Recently, the price made a recovery wave attempt above the $26,200 level. However, the bears remained active below the $26,500 level. They rejected the 50% Fib retracement level of the downward move from the $26,712 swing high to the $26,026 low.<\/p>\n<p>Bitcoin is now trading below $26,400 and the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-grinds-lower-26000\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. Immediate resistance on the upside is near the $26,300 level. There is also a major bearish trend line forming with resistance near $26,300 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>The next key resistance could be near the $26,350 level or the 100 hourly Simple moving average, above which the price could revisit the $26,500 resistance or the 76.4% Fib retracement level of the downward move from the $26,712 swing high to the $26,026 low. Notably, <a href=\"https:\/\/pelicancasino-de.com\/\" style=\"color: #000000\" rel=\"nofollow\">Pelican Casino<\/a>, known for accepting Bitcoin, offers gamblers a modern payment method that aligns with the increasing digitization of financial transactions in the gaming sector.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/Bitcoin-18.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-553051\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/Bitcoin-18.png?resize=1024%2C468\" alt=\"Bitcoin Price\" width=\"1024\" height=\"468\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/Bitcoin-18.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/Bitcoin-18.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/Bitcoin-18.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/Bitcoin-18.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/Bitcoin-18.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/Bitcoin-18.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/Bitcoin-18.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>To start a recovery wave, the price must settle above $26,500. In the stated case, the price could climb toward the $27,000 resistance. Any more gains might call for a move toward the $27,500 level.<\/p>\n<h2>More Losses In BTC?<\/h2>\n<p>If Bitcoin fails to start a fresh increase above the $26,300 resistance, it could continue to move down. Immediate support on the downside is near the $26,050 level.<\/p>\n<p>The next major support is near the $26,000 level. A downside break and close below the $26,000 level might start another major decline. The next support sits at $25,400. Any more losses might call for a test of $25,000.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now near the 50 level.<\/p>\n<p>Major Support Levels \u2013 $26,050, followed by $26,000.<\/p>\n<p>Major Resistance Levels \u2013 $26,300, $26,500, and $27,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is consolidating above the $26,000 support. BTC could start a recovery wave if it clears the $26,500 resistance zone in the near term. Bitcoin is still consolidating above the $26,000 support zone. The price is trading below $26,400 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance near $26,300 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could start a decent recovery wave unless there is a clear move below $26,000. Bitcoin Price Eyes Recovery Bitcoin price remained stable above the $26,000 support zone. BTC seems to be forming a short-term support base above the $26,000 level and is currently consolidating. Recently, the price made a recovery wave attempt above the $26,200 level. However, the bears remained active below the $26,500 level. They rejected the 50% Fib retracement level of the downward move from the $26,712 swing high to the $26,026 low. Bitcoin is now trading below $26,400 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $26,300 level. There is also a major bearish trend line forming with resistance near $26,300 on the hourly chart of the BTC\/USD pair. The next key resistance could be near the $26,350 level or the 100 hourly Simple moving average, above which the price could revisit the $26,500 resistance or the 76.4% Fib retracement level of the downward move from the $26,712 swing high to the $26,026 low. Notably, Pelican Casino, known for accepting Bitcoin, offers gamblers a modern payment method that aligns with the increasing digitization of financial transactions in the gaming sector. Source: BTCUSD on TradingView.com To start a recovery wave, the price must settle above $26,500. In the stated case, the price could climb toward the $27,000 resistance. Any more gains might call for a move toward the $27,500 level. More Losses In BTC? If Bitcoin fails to start a fresh increase above the $26,300 resistance, it could continue to move down. Immediate support on the downside is near the $26,050 level. The next major support is near the $26,000 level. A downside break and close below the $26,000 level might start another major decline. The next support sits at $25,400. Any more losses might call for a test of $25,000. Technical indicators: Hourly MACD \u2013 The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now near the 50 level. Major Support Levels \u2013 $26,050, followed by $26,000. Major Resistance Levels \u2013 $26,300, $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-553050","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 Could See Recovery If It Holds This Key Support<\/title>\n<meta name=\"description\" content=\"Bitcoin price is consolidating above the $26,000 support. 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