{"id":150604,"date":"2023-09-06T09:34:51","date_gmt":"2023-09-06T04:04:51","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=150604"},"modified":"2023-09-06T09:34:51","modified_gmt":"2023-09-06T04:04:51","slug":"bitcoin-bulls-hold-strong-at-25500-but-can-they-push-btc-higher-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-bulls-hold-strong-at-25500-but-can-they-push-btc-higher-crypto-news\/","title":{"rendered":"Bitcoin Bulls Hold Strong At $25,500 But Can They Push BTC Higher? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><em>Bitcoin price is consolidating above $25,650 and $25,500. BTC could start a decent increase if the bulls manage to push it above the $26,200 resistance.<\/em><\/p>\n<ul>\n<li>Bitcoin is trading in a range above the $25,650 support zone.<\/li>\n<li>The price is trading below $26,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a short-term bearish trend line forming with resistance near $25,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could take a major hit if it continues to struggle below the $26,200 resistance zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Starts Consolidation<\/h2>\n<p>Bitcoin price remained in a range and settled well below the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-downside-thrust-25000\/\">$26,200 resistance zone<\/a>. It seems like BTC bulls are currently protecting a downside break below the $25,650 and $25,500 support levels.<\/p>\n<p>It is clearly consolidating above the $25,650 level. However, it is also below $26,000 and the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-recovery-fade-26200\/\">100 hourly Simple moving average<\/a>. Besides, there is a short-term bearish trend line forming with resistance near $25,800 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Immediate resistance on the upside is near the $25,800 level and the trend line. The first major resistance is near the $26,000 level or the 23.6% Fib retracement level of the main decline from the $28,150 swing high to the $25,330 low.<\/p>\n<p>The next major resistance is now near the $26,200 level. A proper close above the $26,200 level might start a decent recovery wave toward $26,750. It is close to the 50% Fib retracement level of the main decline from the $28,150 swing high to the $25,330 low.<\/p>\n<\/p>\n<p>Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\">BTCUSD on TradingView.com<\/a><\/p>\n<p>The next major resistance is near $27,000, above which the bulls might gain strength. In the stated case, the price could test the $28,000 level.<\/p>\n<h2>Another Drop In BTC?<\/h2>\n<p>If Bitcoin fails to clear the $26,200 resistance, it could continue to move down. Immediate support on the downside is near the $25,650 level.<\/p>\n<p>The next major support is near the $25,350 level. A downside break and close below the $25,350 level might send the price further lower. In the stated case, the price could drop toward $24,800 or even $24,500.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing pace in the bearish 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 $25,650, followed by $25,350.<\/p>\n<p>Major Resistance Levels \u2013 $25,800, $26,000, and $26,200.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is consolidating above $25,650 and $25,500. BTC could start a decent increase if the bulls manage to push it above the $26,200 resistance. Bitcoin is trading in a range above the $25,650 support zone. The price is trading below $26,000 and the 100 hourly Simple moving average. There is a short-term bearish trend [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":150605,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-150604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/150604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=150604"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/150604\/revisions"}],"predecessor-version":[{"id":150606,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/150604\/revisions\/150606"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/150605"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=150604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=150604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=150604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}