{"id":538442,"date":"2023-06-19T03:36:18","date_gmt":"2023-06-19T03:36:18","guid":{"rendered":"https:\/\/ktsl888.com\/?p=538442"},"modified":"2024-06-11T10:24:05","modified_gmt":"2024-06-11T10:24:05","slug":"bitcoin-price-steadies-above-26k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-steadies-above-26k\/","title":{"rendered":"Bitcoin Price Steadies Above $26K, Can Bulls Pump It Further?"},"content":{"rendered":"<p><em>Bitcoin price is moving higher above the $26,000 resistance. BTC could continue to rise if there is a clear move above the $26,800 zone.<\/em><\/p>\n<ul>\n<li>Bitcoin started a recovery wave above the $26,000 resistance.<\/li>\n<li>The price is trading above $26,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a key bearish trend line forming with resistance near $26,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could rise further if it clears the $26,650 and $26,800 resistance levels.<\/li>\n<\/ul>\n<h2>Bitcoin Price Regains $26,000<\/h2>\n<p>Bitcoin price remained well-bid above the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-aims-26200\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">$25,500 resistance zone<\/a>. As a result, BTC started a fresh recovery wave above the $26,000 resistance zone and even broke $26,200.<\/p>\n<p>The bulls pushed the price above the $26,500 level. A high is formed near $26,793 and the price is now consolidating gains. It is now trading near the 23.6% Fib retracement level of the upward move from the $24,751 swing low to the $26,793 high.<\/p>\n<p>Bitcoin price is now trading above $26,000 and the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-plunges-24k-next\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. Besides, there is a key bearish trend line forming with resistance near $26,200 on the hourly chart of the BTC\/USD pair.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-538443\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/Bitcoin-12.png?resize=1835%2C845\" alt=\"Bitcoin Price\" width=\"1835\" height=\"845\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/Bitcoin-12.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/Bitcoin-12.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/Bitcoin-12.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/Bitcoin-12.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/Bitcoin-12.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/Bitcoin-12.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/Bitcoin-12.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/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>If there is another increase, the price might face resistance near the $26,650 level. The next major resistance is near the $26,800 level. A clear move above the $26,800 resistance might push the price further higher. The next major resistance is near the $27,200 level, above which the bulls might send BTC toward the $27,500 resistance zone.<\/p>\n<h2>Dips Limited in BTC?<\/h2>\n<p>If Bitcoin\u2019s price fails to clear the $26,800 resistance, it could start a downside correction. Immediate support on the downside is near the $26,300 level.<\/p>\n<p>The next major support is near the $26,200 level and the trend line, below which the price might start test the 100 hourly Simple moving average. The key support is now near $25,750 or the 50% Fib retracement level of the upward move from the $24,751 swing low to the $26,793 high. Any more losses might send the price toward $25,200 in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $26,200, followed by $26,000.<\/p>\n<p>Major Resistance Levels \u2013 $26,650, $26,800, and $27,200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is moving higher above the $26,000 resistance. BTC could continue to rise if there is a clear move above the $26,800 zone. Bitcoin started a recovery wave above the $26,000 resistance. The price is trading above $26,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance near $26,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could rise further if it clears the $26,650 and $26,800 resistance levels. Bitcoin Price Regains $26,000 Bitcoin price remained well-bid above the $25,500 resistance zone. As a result, BTC started a fresh recovery wave above the $26,000 resistance zone and even broke $26,200. The bulls pushed the price above the $26,500 level. A high is formed near $26,793 and the price is now consolidating gains. It is now trading near the 23.6% Fib retracement level of the upward move from the $24,751 swing low to the $26,793 high. Bitcoin price is now trading above $26,000 and the 100 hourly Simple moving average. Besides, there is a key bearish trend line forming with resistance near $26,200 on the hourly chart of the BTC\/USD pair. Source: BTCUSD on TradingView.com If there is another increase, the price might face resistance near the $26,650 level. The next major resistance is near the $26,800 level. A clear move above the $26,800 resistance might push the price further higher. The next major resistance is near the $27,200 level, above which the bulls might send BTC toward the $27,500 resistance zone. Dips Limited in BTC? If Bitcoin\u2019s price fails to clear the $26,800 resistance, it could start a downside correction. Immediate support on the downside is near the $26,300 level. The next major support is near the $26,200 level and the trend line, below which the price might start test the 100 hourly Simple moving average. The key support is now near $25,750 or the 50% Fib retracement level of the upward move from the $24,751 swing low to the $26,793 high. Any more losses might send the price toward $25,200 in the near term. 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 below the 50 level. Major Support Levels \u2013 $26,200, followed by $26,000. Major Resistance Levels \u2013 $26,650, $26,800, and $27,200.<\/p>\n","protected":false},"author":67,"featured_media":462274,"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-538442","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 Steadies Above $26K, Can Bulls Pump It Further?<\/title>\n<meta name=\"description\" content=\"Bitcoin price is moving higher above the $26,000 resistance. 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