{"id":534532,"date":"2023-05-23T02:57:54","date_gmt":"2023-05-23T02:57:54","guid":{"rendered":"https:\/\/wncen.com\/?p=534532"},"modified":"2024-06-11T08:10:32","modified_gmt":"2024-06-11T08:10:32","slug":"bitcoin-price-increase-27550","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-increase-27550\/","title":{"rendered":"Bitcoin Price At Key Juncture, What Could Trigger Strong Increase"},"content":{"rendered":"<p><em>Bitcoin price is slowly moving higher above $27,000. BTC could start a strong increase if it clears the $27,200 resistance zone.<\/em><\/p>\n<ul>\n<li>Bitcoin is attempting a fresh increase above the $27,000 level.<\/li>\n<li>The price is trading above $27,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a crucial bearish trend line forming with resistance near $27,150 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could start a major increase if it clears the $27,200 and $27,400 resistance levels.<\/li>\n<\/ul>\n<h2>Bitcoin Price Eyes Upside Break<\/h2>\n<p>Bitcoin price <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-holds-support-26550\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">remained well-bid above the $26,500 level<\/a>. BTC formed a base and started a recovery wave above the $26,850 resistance zone.<\/p>\n<p>There was a move above the 50% Fib retracement level of the downward move from the $27,269 swing high to the $26,536 low. Bitcoin price is now trading above $27,000 and the 100 hourly Simple moving average. It is also showing a few positive signs above the $27,000 level.<\/p>\n<p>Immediate resistance on the upside is near the $27,100 level. It is close to the 76.4% Fib retracement level of the downward move from the $27,269 swing high to the $26,536 low.<\/p>\n<p>The next major resistance is near the $27,150 level. There is also a <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-vulnerable-27500\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">crucial bearish trend line<\/a> forming with resistance near $27,150 on the hourly chart of the BTC\/USD pair. A close above the trend line might send the price toward the $27,400 resistance zone.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-534533 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/Bitcoin-16.png?resize=1834%2C845\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/Bitcoin-16.png?w=1834 1834w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/Bitcoin-16.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/Bitcoin-16.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/Bitcoin-16.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/Bitcoin-16.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/Bitcoin-16.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/Bitcoin-16.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>The next key resistance is near $27,550, above which the price might start a strong increase toward the $28,000 resistance. Any more gains might send the price toward the $28,500 level.<\/p>\n<h2>Fresh Decline in BTC?<\/h2>\n<p>If Bitcoin\u2019s price fails to clear the $27,150 resistance, it could start another decline. Immediate support on the downside is near the $26,900 level and the 100 hourly Simple moving average.<\/p>\n<p>The next major support is near the $26,550 zone, below which the price might revisit the $26,350 support. In the stated case, there is a risk of a move toward the $25,800 level. Any more losses might take Bitcoin toward the $25,500 level in the near term.<\/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 $26,900, followed by $26,550.<\/p>\n<p>Major Resistance Levels \u2013 $27,150, $27,400, and $27,550.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is slowly moving higher above $27,000. BTC could start a strong increase if it clears the $27,200 resistance zone. Bitcoin is attempting a fresh increase above the $27,000 level. The price is trading above $27,000 and the 100 hourly Simple moving average. There is a crucial bearish trend line forming with resistance near $27,150 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could start a major increase if it clears the $27,200 and $27,400 resistance levels. Bitcoin Price Eyes Upside Break Bitcoin price remained well-bid above the $26,500 level. BTC formed a base and started a recovery wave above the $26,850 resistance zone. There was a move above the 50% Fib retracement level of the downward move from the $27,269 swing high to the $26,536 low. Bitcoin price is now trading above $27,000 and the 100 hourly Simple moving average. It is also showing a few positive signs above the $27,000 level. Immediate resistance on the upside is near the $27,100 level. It is close to the 76.4% Fib retracement level of the downward move from the $27,269 swing high to the $26,536 low. The next major resistance is near the $27,150 level. There is also a crucial bearish trend line forming with resistance near $27,150 on the hourly chart of the BTC\/USD pair. A close above the trend line might send the price toward the $27,400 resistance zone. Source: BTCUSD on TradingView.com The next key resistance is near $27,550, above which the price might start a strong increase toward the $28,000 resistance. Any more gains might send the price toward the $28,500 level. Fresh Decline in BTC? If Bitcoin\u2019s price fails to clear the $27,150 resistance, it could start another decline. Immediate support on the downside is near the $26,900 level and the 100 hourly Simple moving average. The next major support is near the $26,550 zone, below which the price might revisit the $26,350 support. In the stated case, there is a risk of a move toward the $25,800 level. Any more losses might take Bitcoin toward the $25,500 level in the near term. 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 $26,900, followed by $26,550. Major Resistance Levels \u2013 $27,150, $27,400, and $27,550.<\/p>\n","protected":false},"author":67,"featured_media":458340,"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-534532","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 At Key Juncture, What Could Trigger Strong Increase<\/title>\n<meta name=\"description\" content=\"Bitcoin price is slowly moving higher above $27,000. 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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:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price At Key Juncture, What Could Trigger Strong Increase","url":"http:\/\/wncen.com\/news\/bitcoin-price-increase-27550\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-price-increase-27550\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/03\/shutterstock_1334283245.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/03\/shutterstock_1334283245.jpg?fit=1000%2C667"},"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":"2023-05-23T02:57:54Z","datePublished":"2023-05-23T02:57:54Z","dateModified":"2024-06-11T08:10:32Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price At Key Juncture, What Could Trigger Strong Increase\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-increase-27550\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-increase-27550\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/shutterstock_1334283245.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/shutterstock_1334283245.jpg?fit=1000%2C667\"},\"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\":\"2023-05-23T02:57:54Z\",\"datePublished\":\"2023-05-23T02:57:54Z\",\"dateModified\":\"2024-06-11T08:10:32Z\"}<\/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\/03\/shutterstock_1334283245.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/534532"}],"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=534532"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/534532\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/458340"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=534532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=534532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=534532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}