BTCUSD on TradingView.com<\/a><\/p>\nImmediate resistance is near the $28,400 level. The next major resistance sits near the $29,000 zone. A close above the $29,000 resistance could start a decent increase. In the stated case, the price may perhaps rise toward the $29,800 resistance zone. Any more gains could open the doors for a test of $30,000.<\/p>\n
Fresh Decline in BTC?<\/h2>\n If Bitcoin\u2019s price fails to clear the $28,400 resistance, it could react to the downside. Immediate support on the downside is near the $28,000 level.<\/p>\n
The next major support is near the $27,800 zone or the 50% Fib retracement level of the recent increase from the $26,969 low to the $28,407 high. A downside break and close below the $27,680 support might push the price toward the $27,500 support. Any more losses might take Bitcoin toward $27,000.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now gaining 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 $28,000, followed by $27,680.<\/p>\n
Major Resistance Levels \u2013 $28,400, $29,000, and $30,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is correcting higher from the $27,000 support. BTC must clear $29,000 to continue higher in the near term. Bitcoin formed a base and corrected higher above the $27,500 resistance. The price is trading above $27,800 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance near $27,600 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could continue to rise if it clears the $28,400 and $29,000 resistance levels. Bitcoin Price Eyes Fresh Increase Bitcoin price extended its decline below the $27,500 level. However, BTC remained well-bid above the $27,000 zone. A low was formed near $26,969 before the price started an upside correction. The price was able to climb above the $27,500 resistance. Besides, there was a break above a connecting bearish trend line with resistance near $27,600 on the hourly chart of the BTC\/USD pair. It is now trading above $27,800 and the 100 hourly Simple moving average. Bitcoin price is now facing resistance near the $28,400 level. A high is formed near $28,407 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the recent increase from the $26,969 low to the $28,407 high. Source: BTCUSD on TradingView.com Immediate resistance is near the $28,400 level. The next major resistance sits near the $29,000 zone. A close above the $29,000 resistance could start a decent increase. In the stated case, the price may perhaps rise toward the $29,800 resistance zone. Any more gains could open the doors for a test of $30,000. Fresh Decline in BTC? If Bitcoin\u2019s price fails to clear the $28,400 resistance, it could react to the downside. Immediate support on the downside is near the $28,000 level. The next major support is near the $27,800 zone or the 50% Fib retracement level of the recent increase from the $26,969 low to the $28,407 high. A downside break and close below the $27,680 support might push the price toward the $27,500 support. Any more losses might take Bitcoin toward $27,000. Technical indicators: Hourly MACD \u2013 The MACD is now gaining 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 $28,000, followed by $27,680. Major Resistance Levels \u2013 $28,400, $29,000, and $30,000.<\/p>\n","protected":false},"author":67,"featured_media":464001,"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-528602","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
Bitcoin Price Signals Fresh Increase But $29K Is The Key To More Gains<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n