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{"id":526171,"date":"2023-04-10T03:22:14","date_gmt":"2023-04-10T03:22:14","guid":{"rendered":"https:\/\/ktsl888.com\/?p=526171"},"modified":"2024-06-11T14:34:58","modified_gmt":"2024-06-11T14:34:58","slug":"bitcoin-price-regains-traction-28550","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-regains-traction-28550\/","title":{"rendered":"Bitcoin Price Regains Traction But Key Resistance Is Still Intact"},"content":{"rendered":"

Bitcoin price started a fresh increase above the $28,000 resistance. BTC must clear $28,500 and $28,800 resistance levels to continue higher.<\/em><\/p>\n

\n
Bitcoin climbed higher and was able to test the $28,550 resistance zone.<\/li>\n
The price is trading above $28,200 and the 100 hourly Simple moving average.<\/li>\n
There was a break above a major bearish trend line with resistance near $28,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could extend its increase if it clears the $28,550 resistance level.<\/li>\n<\/ul>\n
Bitcoin Price Clears Resistance<\/h2>\n
Bitcoin price remained well-bid above the $27,700 support zone. BTC formed a base and was able to climb again above the $28,000 resistance zone<\/a>.<\/p>\n
There was a clear move above the $28,200 resistance zone and the 100 hourly Simple moving average. Besides, there was a break above a major bearish trend line with resistance near $28,000 on the hourly chart of the BTC\/USD pair.<\/p>\n
The pair tested the $28,550 resistance zone. A high is formed near $28,548 and the price is now correcting lower. There was a move below the 23.6% Fib retracement level of the upward move from the $27,812 swing low to the $28,548 high.<\/p>\n
However, Bitcoin\u2019s price is now trading above $28,200 and the 100 hourly Simple moving average<\/a>. Immediate resistance is near the $28,450 level. The next major resistance is near the $28,550 zone. A close above the $28,550 resistance might push the price higher toward the range resistance.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
The next key resistance is near the $28,800 level, above which the price could rise toward the $29,500 level. Any more gains might call for a test of the $30,000 resistance zone.<\/p>\n
Fresh Decline in BTC?<\/h2>\n
If Bitcoin\u2019s price fails to clear the $28,550 resistance, it could start another decline. Immediate support on the downside is near the $28,250 level.<\/p>\n
The next major support is near the $28,200 zone and the 50% Fib retracement level of the upward move from the $27,812 swing low to the $28,548 high. A downside break and close below the $28,200 support might push the price back toward $27,700. In the stated case, the price may perhaps decline toward the $27,200 support zone.<\/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 $28,200, followed by $27,770.<\/p>\n
Major Resistance Levels \u2013 $28,550, $28,800, and $29,500.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price started a fresh increase above the $28,000 resistance. BTC must clear $28,500 and $28,800 resistance levels to continue higher. Bitcoin climbed higher and was able to test the $28,550 resistance zone. The price is trading above $28,200 and the 100 hourly Simple moving average. There was a break above a major bearish trend line with resistance near $28,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could extend its increase if it clears the $28,550 resistance level. Bitcoin Price Clears Resistance Bitcoin price remained well-bid above the $27,700 support zone. BTC formed a base and was able to climb again above the $28,000 resistance zone. There was a clear move above the $28,200 resistance zone and the 100 hourly Simple moving average. Besides, there was a break above a major bearish trend line with resistance near $28,000 on the hourly chart of the BTC\/USD pair. The pair tested the $28,550 resistance zone. A high is formed near $28,548 and the price is now correcting lower. There was a move below the 23.6% Fib retracement level of the upward move from the $27,812 swing low to the $28,548 high. However, Bitcoin\u2019s price is now trading above $28,200 and the 100 hourly Simple moving average. Immediate resistance is near the $28,450 level. The next major resistance is near the $28,550 zone. A close above the $28,550 resistance might push the price higher toward the range resistance. Source: BTCUSD on TradingView.com The next key resistance is near the $28,800 level, above which the price could rise toward the $29,500 level. Any more gains might call for a test of the $30,000 resistance zone. Fresh Decline in BTC? If Bitcoin\u2019s price fails to clear the $28,550 resistance, it could start another decline. Immediate support on the downside is near the $28,250 level. The next major support is near the $28,200 zone and the 50% Fib retracement level of the upward move from the $27,812 swing low to the $28,548 high. A downside break and close below the $28,200 support might push the price back toward $27,700. In the stated case, the price may perhaps decline toward the $27,200 support zone. 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 $28,200, followed by $27,770. Major Resistance Levels \u2013 $28,550, $28,800, and $29,500.<\/p>\n","protected":false},"author":67,"featured_media":460005,"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-526171","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 Regains Traction But Key Resistance Is Still Intact<\/title>\n<meta name=\"description\" content=\"Bitcoin price started a fresh increase above the $28,000 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. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/ktsl888.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Regains Traction But Key Resistance Is Still Intact","url":"http:\/\/ktsl888.com\/news\/bitcoin-price-regains-traction-28550\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-price-regains-traction-28550\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/shutterstock_749757757-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/shutterstock_749757757-scaled.jpg?fit=2560%2C1792"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin price","btcusd","btcusdt","xbtusd"],"dateCreated":"2023-04-10T03:22:14Z","datePublished":"2023-04-10T03:22:14Z","dateModified":"2024-06-11T14:34:58Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Regains Traction But Key Resistance Is Still Intact\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-regains-traction-28550\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-regains-traction-28550\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/shutterstock_749757757-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/shutterstock_749757757-scaled.jpg?fit=2560%2C1792\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin price\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2023-04-10T03:22:14Z\",\"datePublished\":\"2023-04-10T03:22:14Z\",\"dateModified\":\"2024-06-11T14:34:58Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/shutterstock_749757757-scaled.jpg?fit=2560%2C1792","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/526171"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=526171"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/526171\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/460005"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=526171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=526171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=526171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}