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{"id":528417,"date":"2023-04-25T02:27:40","date_gmt":"2023-04-25T02:27:40","guid":{"rendered":"https:\/\/ktsl888.com\/?p=528417"},"modified":"2024-06-11T11:31:01","modified_gmt":"2024-06-11T11:31:01","slug":"bitcoin-price-vulnerable-28k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-vulnerable-28k\/","title":{"rendered":"Bitcoin Price Topside Bias Vulnerable Unless It Surges Past $28K"},"content":{"rendered":"

Bitcoin price is showing bearish signs below the $28,000 zone. BTC must clear $28,000 to avoid more losses in the coming sessions.<\/em><\/p>\n

\n
Bitcoin struggled to gain pace above the $28,000 resistance zone.<\/li>\n
The price is trading below $27,800 and the 100 hourly Simple moving average.<\/li>\n
There is a connecting bearish trend line forming with resistance near $27,650 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could start a decent recovery wave if there is a close above $28,000.<\/li>\n<\/ul>\n
Bitcoin Price Remains At a Risk<\/h2>\n
Bitcoin price found support near the $27,200 zone<\/a> and started an upside correction. BTC climbed above the $27,800 level but upsides were limited.<\/p>\n
It tested the $28,000 resistance zone. A high was formed near $28,000 and the price reacted to the downside. It broke the $27,200 support zone and tested $27,000. A low is formed near $26,969 and the price is again attempting an upside correction.<\/p>\n
Bitcoin climbed above the 50% Fib retracement level of the recent decline from the $28,000 high to the $26,969 low. However, it is still trading below $27,800 and the 100 hourly Simple moving average<\/a>.<\/p>\n
Besides, there is a connecting bearish trend line forming with resistance near $27,650 on the hourly chart of the BTC\/USD pair. Immediate resistance is near the $27,650 level and the trend line. The trend line coincides with the 61.8% Fib retracement level of the recent decline from the $28,000 high to the $26,969 low.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
The next major resistance sits near the $28,000 zone. A close above the $28,000 resistance could start a decent increase. In the stated case, the price may perhaps rise toward the $28,400 resistance zone. Any more gains could open the doors for a test of $29,200.<\/p>\n
More Losses in BTC?<\/h2>\n
If Bitcoin\u2019s price fails to clear the $27,650 resistance, it could continue to move down. Immediate support on the downside is near the $27,100 level.<\/p>\n
The next major support is near the $27,000 zone. A downside break and close below the $27,000 support might push the price toward the $26,500 support. Any more losses might take Bitcoin toward $26,000.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n
Major Support Levels \u2013 $27,100, followed by $27,000.<\/p>\n
Major Resistance Levels \u2013 $27,650, $28,000, and $28,400.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is showing bearish signs below the $28,000 zone. BTC must clear $28,000 to avoid more losses in the coming sessions. Bitcoin struggled to gain pace above the $28,000 resistance zone. The price is trading below $27,800 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance near $27,650 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could start a decent recovery wave if there is a close above $28,000. Bitcoin Price Remains At a Risk Bitcoin price found support near the $27,200 zone and started an upside correction. BTC climbed above the $27,800 level but upsides were limited. It tested the $28,000 resistance zone. A high was formed near $28,000 and the price reacted to the downside. It broke the $27,200 support zone and tested $27,000. A low is formed near $26,969 and the price is again attempting an upside correction. Bitcoin climbed above the 50% Fib retracement level of the recent decline from the $28,000 high to the $26,969 low. However, it is still trading below $27,800 and the 100 hourly Simple moving average. Besides, there is a connecting bearish trend line forming with resistance near $27,650 on the hourly chart of the BTC\/USD pair. Immediate resistance is near the $27,650 level and the trend line. The trend line coincides with the 61.8% Fib retracement level of the recent decline from the $28,000 high to the $26,969 low. Source: BTCUSD on TradingView.com The next major resistance sits near the $28,000 zone. A close above the $28,000 resistance could start a decent increase. In the stated case, the price may perhaps rise toward the $28,400 resistance zone. Any more gains could open the doors for a test of $29,200. More Losses in BTC? If Bitcoin\u2019s price fails to clear the $27,650 resistance, it could continue to move down. Immediate support on the downside is near the $27,100 level. The next major support is near the $27,000 zone. A downside break and close below the $27,000 support might push the price toward the $26,500 support. Any more losses might take Bitcoin toward $26,000. Technical indicators: Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level. Major Support Levels \u2013 $27,100, followed by $27,000. Major Resistance Levels \u2013 $27,650, $28,000, and $28,400.<\/p>\n","protected":false},"author":67,"featured_media":463152,"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-528417","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 Topside Bias Vulnerable Unless It Surges Past $28K<\/title>\n<meta name=\"description\" content=\"Bitcoin price is showing bearish signs below the $28,000 zone. 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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 Topside Bias Vulnerable Unless It Surges Past $28K","url":"http:\/\/ktsl888.com\/news\/bitcoin-price-vulnerable-28k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-price-vulnerable-28k\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/05\/shutterstock_773873392.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/05\/shutterstock_773873392.jpg?fit=1000%2C582"},"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":"2023-04-25T02:27:40Z","datePublished":"2023-04-25T02:27:40Z","dateModified":"2024-06-11T11:31:01Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Topside Bias Vulnerable Unless It Surges Past $28K\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-vulnerable-28k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-vulnerable-28k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/shutterstock_773873392.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/shutterstock_773873392.jpg?fit=1000%2C582\"},\"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\":\"2023-04-25T02:27:40Z\",\"datePublished\":\"2023-04-25T02:27:40Z\",\"dateModified\":\"2024-06-11T11:31:01Z\"}<\/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\/05\/shutterstock_773873392.jpg?fit=1000%2C582","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/528417","targetHints":{"allow":["GET"]}}],"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=528417"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/528417\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/463152"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=528417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=528417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=528417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}