BTCUSD on TradingView.com<\/a><\/p>\nOn the upside, an immediate resistance is near the $28,120 level. It is near the 61.8% Fib retracement level of the downward move from the $28,798 swing high to $27,007 low. The next major resistance is near the $28,150 zone. A close above the $28,150 resistance might start another major increase. In the stated case, the price could rise towards the $28,800 level. Any more gains might send the price towards the $29,500 resistance zone.<\/p>\n
Dips Supported in BTC?<\/h2>\n If bitcoin price fails to clear the $28,150 resistance, it could start another decline. An immediate support on the downside is near the $27,800 zone and the 100 hourly SMA.<\/p>\n
The next major support is near the $27,600 zone or the trend line. Any more losses might send the price towards the $27,150 support zone. The next major support is near the $27,000 level.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now losing 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 $27,600, followed by $27,000.<\/p>\n
Major Resistance Levels \u2013 $28,150, $28,500 and $28,800.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is still consolidating above the $27,000 support. BTC could start a fresh surge if there is a successful move above the $28,150 resistance. Bitcoin is moving higher above the $27,500 resistance. The price is trading above $27,500 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $27,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could surge if there is a close above the $28,150 resistance zone. Bitcoin Price Remains Supported Bitcoin price started a downside correction after it failed to clear the $28,800 resistance zone. BTC dived below the $28,000 level and even broke the $27,500 support zone. However, the bulls were active near the $27,000 support zone. A low was formed near $27,007 and the price started a fresh increase. There was a clear move above the $27,500 resistance zone. The price surpassed the 50% Fib retracement level of the downward move from the $28,798 swing high to $27,007 low. Bitcoin price is now trading above $27,500 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $27,500 on the hourly chart of the BTC\/USD pair. Source: BTCUSD on TradingView.com On the upside, an immediate resistance is near the $28,120 level. It is near the 61.8% Fib retracement level of the downward move from the $28,798 swing high to $27,007 low. The next major resistance is near the $28,150 zone. A close above the $28,150 resistance might start another major increase. In the stated case, the price could rise towards the $28,800 level. Any more gains might send the price towards the $29,500 resistance zone. Dips Supported in BTC? If bitcoin price fails to clear the $28,150 resistance, it could start another decline. An immediate support on the downside is near the $27,800 zone and the 100 hourly SMA. The next major support is near the $27,600 zone or the trend line. Any more losses might send the price towards the $27,150 support zone. The next major support is near the $27,000 level. 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 $27,600, followed by $27,000. Major Resistance Levels \u2013 $28,150, $28,500 and $28,800.<\/p>\n","protected":false},"author":67,"featured_media":464001,"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-524537","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 Extends Consolidation and Might Soon Gear For Fresh Lift-off<\/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