{"id":532731,"date":"2023-05-15T02:22:23","date_gmt":"2023-05-15T02:22:23","guid":{"rendered":"https:\/\/wncen.com\/?p=532731"},"modified":"2024-06-11T14:36:27","modified_gmt":"2024-06-11T14:36:27","slug":"bitcoin-price-restarts-increase-27k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-restarts-increase-27k\/","title":{"rendered":"Bitcoin Price Restarts Increase But This Resistance Is The Key"},"content":{"rendered":"<p><em>Bitcoin price is recovering higher above the $27,000 resistance. BTC must clear the $27,800 resistance to start a decent increase in the near term.<\/em><\/p>\n<ul>\n<li>Bitcoin tested the $26,000 support zone and is currently recovering higher.<\/li>\n<li>The price is trading above $26,500 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a major bearish trend line with resistance near $27,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could continue to move higher if it clears the $27,500 and $27,800 resistance levels.<\/li>\n<\/ul>\n<h2>Bitcoin Price Starts Recovery<\/h2>\n<p>Bitcoin price extended its decline below the <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-breakdown-25k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">$27,000 support zone<\/a>. BTC even moved below the $26,200 level before the bulls appeared.<\/p>\n<p>A low was formed near $25,851 and the price is now correcting losses. There was a decent increase above the $26,500 resistance level. There was a break above a major bearish trend line with resistance near $27,000 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Bitcoin price is now trading above the 50% Fib retracement level downward move from the $28,334 swing high to the $25,851 low. It is also trading above $26,500 and the <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-turns-sell-28k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>.<\/p>\n<p>Immediate resistance is now forming near the $27,400 level. It is close to the 61.8% Fib retracement level downward move from the $28,334 swing high to the $25,851 low. The next major resistance is near the $27,800 level.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/Bitcoin-10.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-532732\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/Bitcoin-10.png?resize=1950%2C1109\" alt=\"Bitcoin Price\" width=\"1950\" height=\"1109\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/Bitcoin-10.png?w=1950 1950w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/Bitcoin-10.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/Bitcoin-10.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/Bitcoin-10.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/Bitcoin-10.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/Bitcoin-10.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/Bitcoin-10.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/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>A close above the $27,800 resistance might start a decent increase. The next key resistance is near $28,000, above which the price might climb toward the $28,500 resistance.<\/p>\n<h2>More Losses in BTC?<\/h2>\n<p>If Bitcoin\u2019s price fails to clear the $27,400 resistance, it could start another decline. Immediate support on the downside is near the $27,000 level and the 100 hourly Simple moving average.<\/p>\n<p>The next major support is near the $26,500 zone, below which the price might start a decent decline. In the stated case, it could revisit the $26,000 level. Any more losses might take Bitcoin toward the $25,500 level in the near term. The next major support could be $25,000.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $27,000, followed by $26,500.<\/p>\n<p>Major Resistance Levels \u2013 $27,400, $27,800, and $28,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is recovering higher above the $27,000 resistance. BTC must clear the $27,800 resistance to start a decent increase in the near term. Bitcoin tested the $26,000 support zone and is currently recovering higher. The price is trading above $26,500 and the 100 hourly Simple moving average. There was a break above a major bearish trend line with resistance near $27,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could continue to move higher if it clears the $27,500 and $27,800 resistance levels. Bitcoin Price Starts Recovery Bitcoin price extended its decline below the $27,000 support zone. BTC even moved below the $26,200 level before the bulls appeared. A low was formed near $25,851 and the price is now correcting losses. There was a decent increase above the $26,500 resistance level. There was a break above a major bearish trend line with resistance near $27,000 on the hourly chart of the BTC\/USD pair. Bitcoin price is now trading above the 50% Fib retracement level downward move from the $28,334 swing high to the $25,851 low. It is also trading above $26,500 and the 100 hourly Simple moving average. Immediate resistance is now forming near the $27,400 level. It is close to the 61.8% Fib retracement level downward move from the $28,334 swing high to the $25,851 low. The next major resistance is near the $27,800 level. Source: BTCUSD on TradingView.com A close above the $27,800 resistance might start a decent increase. The next key resistance is near $28,000, above which the price might climb toward the $28,500 resistance. More Losses in BTC? If Bitcoin\u2019s price fails to clear the $27,400 resistance, it could start another decline. Immediate support on the downside is near the $27,000 level and the 100 hourly Simple moving average. The next major support is near the $26,500 zone, below which the price might start a decent decline. In the stated case, it could revisit the $26,000 level. Any more losses might take Bitcoin toward the $25,500 level in the near term. The next major support could be $25,000. 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 $27,000, followed by $26,500. Major Resistance Levels \u2013 $27,400, $27,800, and $28,000.<\/p>\n","protected":false},"author":67,"featured_media":464826,"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-532731","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 Restarts Increase But This Resistance Is The Key<\/title>\n<meta name=\"description\" content=\"Bitcoin price is recovering higher above the $27,000 resistance. 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Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. 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:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Restarts Increase But This Resistance Is The Key","url":"http:\/\/wncen.com\/news\/bitcoin-price-restarts-increase-27k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-price-restarts-increase-27k\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/06\/Depositphotos_78872860_s-2019.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/06\/Depositphotos_78872860_s-2019.jpg?fit=999%2C636"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin price","btcusd","btcusdt","xbtusd"],"dateCreated":"2023-05-15T02:22:23Z","datePublished":"2023-05-15T02:22:23Z","dateModified":"2024-06-11T14:36:27Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Restarts Increase But This Resistance Is The Key\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-restarts-increase-27k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-restarts-increase-27k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/Depositphotos_78872860_s-2019.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/Depositphotos_78872860_s-2019.jpg?fit=999%2C636\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin price\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2023-05-15T02:22:23Z\",\"datePublished\":\"2023-05-15T02:22:23Z\",\"dateModified\":\"2024-06-11T14:36:27Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/06\/Depositphotos_78872860_s-2019.jpg?fit=999%2C636","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/532731"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=532731"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/532731\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/464826"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=532731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=532731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=532731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}