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{"id":551478,"date":"2023-09-15T03:17:04","date_gmt":"2023-09-15T03:17:04","guid":{"rendered":"https:\/\/wncen.com\/?p=551478"},"modified":"2024-06-11T14:29:18","modified_gmt":"2024-06-11T14:29:18","slug":"bitcoin-bulls-keep-pushing-26850","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-bulls-keep-pushing-26850\/","title":{"rendered":"Bitcoin Bulls Keep Pushing And Its Good Signs of A Fresh Rally"},"content":{"rendered":"

Bitcoin price is holding gains above the $26,200 zone. BTC seems to be forming a base for a fresh increase above $26,850 in the coming sessions.<\/em><\/p>\n

\n
Bitcoin is eyeing a key upside break above the $26,850 level.<\/li>\n
The price is trading above $26,100 and the 100 hourly Simple moving average.<\/li>\n
There is a key bullish trend line forming with support near $26,300 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair seems to be setting up for a fresh rally above the $26,850 resistance.<\/li>\n<\/ul>\n
Bitcoin Price Could Rally Above $27K<\/h2>\n
Bitcoin price started a decent increase above the $26,000 resistance zone<\/a>. BTC remained well-bid above the Fib retracement level of the upward move from the $24,925 swing low to the $27,212 high.<\/p>\n
There was a close above the $26,500 resistance zone. However, the bears seem to be protecting an upside break above the $26,850 resistance. The recent high was formed near $26,833 before there was another downside correction.<\/p>\n
There was a move toward the 50% Fib retracement level of the recent increase from the $26,154 swing low to the $26,833 high. Bitcoin is now trading above $26,100 and the 100 hourly Simple moving average<\/a>. There is also a key bullish trend line forming with support near $26,300 on the hourly chart of the BTC\/USD pair.<\/p>\n
Immediate resistance on the upside is near the $26,720 level. The first major resistance is near the $26,850 level. The next key resistance could be near the $27,200 level.<\/p>\n
$\"Bitcoin$ <\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
A successful move above the $26,850 resistance and then a close above $27,200 could spark another bullish wave. The next major resistance is near $28,000, above which the bulls could gain strength. In the stated case, the price could test the $28,800 level.<\/p>\n
Another Rejection In BTC?<\/h2>\n
If Bitcoin fails to start a fresh increase above the $26,850 resistance, it could continue to move down. Immediate support on the downside is near the $26,300 level and the trend line.<\/p>\n
The trend line is near the 76.4% Fib retracement level of the recent increase from the $26,154 swing low to the $26,833 high. The next major support is near the $26,000 level. A downside break and close below the $26,000 level might send the price toward the key support at $25,550.<\/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 $26,300, followed by $26,000.<\/p>\n
Major Resistance Levels \u2013 $26,720, $26,850, and $27,200.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is holding gains above the $26,200 zone. BTC seems to be forming a base for a fresh increase above $26,850 in the coming sessions. Bitcoin is eyeing a key upside break above the $26,850 level. The price is trading above $26,100 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $26,300 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair seems to be setting up for a fresh rally above the $26,850 resistance. Bitcoin Price Could Rally Above $27K Bitcoin price started a decent increase above the $26,000 resistance zone. BTC remained well-bid above the Fib retracement level of the upward move from the $24,925 swing low to the $27,212 high. There was a close above the $26,500 resistance zone. However, the bears seem to be protecting an upside break above the $26,850 resistance. The recent high was formed near $26,833 before there was another downside correction. There was a move toward the 50% Fib retracement level of the recent increase from the $26,154 swing low to the $26,833 high. Bitcoin is now trading above $26,100 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support near $26,300 on the hourly chart of the BTC\/USD pair. Immediate resistance on the upside is near the $26,720 level. The first major resistance is near the $26,850 level. The next key resistance could be near the $27,200 level. Source: BTCUSD on TradingView.com A successful move above the $26,850 resistance and then a close above $27,200 could spark another bullish wave. The next major resistance is near $28,000, above which the bulls could gain strength. In the stated case, the price could test the $28,800 level. Another Rejection In BTC? If Bitcoin fails to start a fresh increase above the $26,850 resistance, it could continue to move down. Immediate support on the downside is near the $26,300 level and the trend line. The trend line is near the 76.4% Fib retracement level of the recent increase from the $26,154 swing low to the $26,833 high. The next major support is near the $26,000 level. A downside break and close below the $26,000 level might send the price toward the key support at $25,550. 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 $26,300, followed by $26,000. Major Resistance Levels \u2013 $26,720, $26,850, and $27,200.<\/p>\n","protected":false},"author":67,"featured_media":461132,"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-551478","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":"\nBitcoin Bulls Keep Pushing And Its Good Signs of A Fresh Rally<\/title>\n<meta name=\"description\" content=\"Bitcoin price is holding gains above the $26,200 zone. 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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 Bulls Keep Pushing And Its Good Signs of A Fresh Rally","url":"http:\/\/wncen.com\/news\/bitcoin-bulls-keep-pushing-26850\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-bulls-keep-pushing-26850\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/shutterstock_1043337517.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/shutterstock_1043337517.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":"2023-09-15T03:17:04Z","datePublished":"2023-09-15T03:17:04Z","dateModified":"2024-06-11T14:29:18Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Bulls Keep Pushing And Its Good Signs of A Fresh Rally\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-bulls-keep-pushing-26850\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-bulls-keep-pushing-26850\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_1043337517.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_1043337517.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\":\"2023-09-15T03:17:04Z\",\"datePublished\":\"2023-09-15T03:17:04Z\",\"dateModified\":\"2024-06-11T14:29:18Z\"}<\/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\/04\/shutterstock_1043337517.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/551478","targetHints":{"allow":["GET"]}}],"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=551478"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/551478\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/461132"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=551478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=551478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=551478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}