BTCUSD on TradingView.com<\/a><\/p>\nA close above the $28,200 resistance might start a decent increase. The next key resistance is near $28,500, above which the price might climb toward the $29,200 resistance. Any more gains could open the doors for a decent move toward the $29,500 resistance.<\/p>\n
Fresh Decline in BTC?<\/h2>\n If Bitcoin\u2019s price fails to clear the $28,000 resistance, it could continue to move down. Immediate support on the downside is near the $27,200 level.<\/p>\n
The next major support is near the $27,000 zone, below which the price might move further into a bearish zone. In the stated case, it could revisit the $26,500 level. Any more losses might take Bitcoin toward the $26,200 level in the near term.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now losing 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 $27,200, followed by $27,000.<\/p>\n
Major Resistance Levels \u2013 $28,000, $28,200, and $28,500.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is struggling to clear the $28,200 resistance. BTC is again moving lower and might decline toward the $27,000 support zone. Bitcoin attempted an upside break above $28,200 but failed. The price is trading below $28,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance near $28,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could continue to move down if stays below $28,000 and $28,200. Bitcoin Price Faces Rejection Bitcoin price started a recovery wave above the $27,800 level. BTC cleared the $28,000 resistance zone and spiked above the 100 hourly Simple moving average. However, the bears were active above the $28,200 resistance. A high was formed near $28,334 and the price tumbled to $27,000. A low is formed near $26,792 and the price is now consolidating. It is trading near the 50% Fib retracement level recent decline from the $28,334 swing high to the $26,792 low. Bitcoin is trading below $28,000 and the 100 hourly Simple moving average. There is also a connecting bearish trend line forming with resistance near $28,000 on the hourly chart of the BTC\/USD pair. Immediate resistance is near the $27,750 level. The next major resistance is near the $28,000 level or the trend line. It is close to the 76.4% Fib retracement level recent decline from the $28,334 swing high to the $26,792 low. The main resistance is now forming near the $28,200 level and the 100 hourly Simple moving average. Source: BTCUSD on TradingView.com A close above the $28,200 resistance might start a decent increase. The next key resistance is near $28,500, above which the price might climb toward the $29,200 resistance. Any more gains could open the doors for a decent move toward the $29,500 resistance. Fresh Decline in BTC? If Bitcoin\u2019s price fails to clear the $28,000 resistance, it could continue to move down. Immediate support on the downside is near the $27,200 level. The next major support is near the $27,000 zone, below which the price might move further into a bearish zone. In the stated case, it could revisit the $26,500 level. Any more losses might take Bitcoin toward the $26,200 level in the near term. 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 below the 50 level. Major Support Levels \u2013 $27,200, followed by $27,000. Major Resistance Levels \u2013 $28,000, $28,200, and $28,500.<\/p>\n","protected":false},"author":67,"featured_media":450862,"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-531097","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 Turns Sell On Rallies As Bulls Struggle To Clear Hurdles<\/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