{"id":552071,"date":"2023-09-20T02:38:03","date_gmt":"2023-09-20T02:38:03","guid":{"rendered":"https:\/\/wncen.com\/?p=552071"},"modified":"2024-06-11T08:54:53","modified_gmt":"2024-06-11T08:54:53","slug":"bitcoin-price-larger-rally-27500","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-larger-rally-27500\/","title":{"rendered":"Bitcoin Price Close Above $27,500 Could Spark Larger Degree Rally"},"content":{"rendered":"<p><em>Bitcoin price is eyeing a key upside break above the $27,500 resistance. BTC could rally further toward $28,200 if there is a close above $27,500.<\/em><\/p>\n<ul>\n<li>Bitcoin is showing positive signs and facing hurdles near $27,500.<\/li>\n<li>The price is trading above $26,850 and the 100 hourly Simple moving average.<\/li>\n<li>There is a major bullish trend line forming with support near $26,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could rally further if there is a clear move above the $27,500 resistance.<\/li>\n<\/ul>\n<h2>Bitcoin Price Eyes More Upsides<\/h2>\n<p>Bitcoin price started <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-propel-to-28k\/\" target=\"_blank\" rel=\"noopener \">another increase above the $26,800 resistance zone<\/a>. BTC remained well-bid and even settled above the $27,000 pivot level.<\/p>\n<p>However, the bears are still active near the $27,500 zone. A high is formed near $27,494 and the price is now consolidating gains. It is trading just below the 23.6% Fib retracement level of the upward move from the $26,657 swing low to the $27,494 high.<\/p>\n<p>Bitcoin is now trading above $26,850 and the <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-holds-strong-26200\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. There is also a major bullish trend line forming with support near $26,800 on the hourly chart of the BTC\/USD pair.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-552072\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitcoin-13.png?resize=1024%2C468\" alt=\"Bitcoin Price\" width=\"1024\" height=\"468\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitcoin-13.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitcoin-13.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitcoin-13.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitcoin-13.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitcoin-13.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitcoin-13.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitcoin-13.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>It is consolidating gains and might eye a fresh increase. Immediate resistance on the upside is near the $27,450 level. The first major resistance is near the $27,500 zone, above which the price could start another rally. The next key resistance could be near the $28,200 level. A clear move above the $28,200 resistance could send the price toward the $29,500 resistance. In the stated case, the price could even test the $30,000 level in the coming days.<\/p>\n<h2>Are Dips Limited In BTC?<\/h2>\n<p>If Bitcoin fails to start a fresh increase above the $27,500 resistance, it could start a downside correction. Immediate support on the downside is near the $27,050 level.<\/p>\n<p>The next major support is near the $26,800 level and the trend line. It is close to the 76.4% Fib retracement level of the upward move from the $26,657 swing low to the $27,494 high. A downside break and close below the $26,800 level might send the price toward the next support at $26,200.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing 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 $27,050, followed by $26,800.<\/p>\n<p>Major Resistance Levels \u2013 $27,450, $27,500, and $28,200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is eyeing a key upside break above the $27,500 resistance. BTC could rally further toward $28,200 if there is a close above $27,500. Bitcoin is showing positive signs and facing hurdles near $27,500. The price is trading above $26,850 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support near $26,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could rally further if there is a clear move above the $27,500 resistance. Bitcoin Price Eyes More Upsides Bitcoin price started another increase above the $26,800 resistance zone. BTC remained well-bid and even settled above the $27,000 pivot level. However, the bears are still active near the $27,500 zone. A high is formed near $27,494 and the price is now consolidating gains. It is trading just below the 23.6% Fib retracement level of the upward move from the $26,657 swing low to the $27,494 high. Bitcoin is now trading above $26,850 and the 100 hourly Simple moving average. There is also a major bullish trend line forming with support near $26,800 on the hourly chart of the BTC\/USD pair. Source: BTCUSD on TradingView.com It is consolidating gains and might eye a fresh increase. Immediate resistance on the upside is near the $27,450 level. The first major resistance is near the $27,500 zone, above which the price could start another rally. The next key resistance could be near the $28,200 level. A clear move above the $28,200 resistance could send the price toward the $29,500 resistance. In the stated case, the price could even test the $30,000 level in the coming days. Are Dips Limited In BTC? If Bitcoin fails to start a fresh increase above the $27,500 resistance, it could start a downside correction. Immediate support on the downside is near the $27,050 level. The next major support is near the $26,800 level and the trend line. It is close to the 76.4% Fib retracement level of the upward move from the $26,657 swing low to the $27,494 high. A downside break and close below the $26,800 level might send the price toward the next support at $26,200. Technical indicators: Hourly MACD \u2013 The MACD is now losing 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 $27,050, followed by $26,800. Major Resistance Levels \u2013 $27,450, $27,500, and $28,200.<\/p>\n","protected":false},"author":67,"featured_media":460128,"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-552071","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 Close Above $27,500 Could Spark Larger Degree Rally<\/title>\n<meta name=\"description\" content=\"Bitcoin price is eyeing a key upside break above the $27,500 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 Close Above $27,500 Could Spark Larger Degree Rally","url":"http:\/\/wncen.com\/news\/bitcoin-price-larger-rally-27500\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-price-larger-rally-27500\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/hello-i-m-nik-8yCmQODY2SY-unsplash.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/hello-i-m-nik-8yCmQODY2SY-unsplash.jpg?fit=1920%2C1285"},"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":"2023-09-20T02:38:03Z","datePublished":"2023-09-20T02:38:03Z","dateModified":"2024-06-11T08:54:53Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Close Above $27,500 Could Spark Larger Degree Rally\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-larger-rally-27500\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-larger-rally-27500\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/hello-i-m-nik-8yCmQODY2SY-unsplash.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/hello-i-m-nik-8yCmQODY2SY-unsplash.jpg?fit=1920%2C1285\"},\"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\":\"2023-09-20T02:38:03Z\",\"datePublished\":\"2023-09-20T02:38:03Z\",\"dateModified\":\"2024-06-11T08:54:53Z\"}<\/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\/hello-i-m-nik-8yCmQODY2SY-unsplash.jpg?fit=1920%2C1285","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/552071"}],"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=552071"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/552071\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/460128"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=552071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=552071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=552071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}