{"id":156303,"date":"2023-09-15T08:59:11","date_gmt":"2023-09-15T03:29:11","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=156303"},"modified":"2023-09-15T08:59:11","modified_gmt":"2023-09-15T03:29:11","slug":"bitcoin-bulls-keep-pushing-and-its-good-signs-of-a-fresh-rally-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-bulls-keep-pushing-and-its-good-signs-of-a-fresh-rally-crypto-news\/","title":{"rendered":"Bitcoin Bulls Keep Pushing And Its Good Signs of A Fresh Rally &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><em>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<ul>\n<li>Bitcoin is eyeing a key upside break above the $26,850 level.<\/li>\n<li>The price is trading above $26,100 and the 100 hourly Simple moving average.<\/li>\n<li>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<li>The pair seems to be setting up for a fresh rally above the $26,850 resistance.<\/li>\n<\/ul>\n<h2>Bitcoin Price Could Rally Above $27K<\/h2>\n<p>Bitcoin price started a decent increase above the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-rally-above-26500\/\">$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<p>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<p>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 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-bearish-formation-26500\/\">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<p>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<\/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>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<h2>Another Rejection In BTC?<\/h2>\n<p>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<p>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<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 $26,300, followed by $26,000.<\/p>\n<p>Major Resistance Levels \u2013 $26,720, $26,850, and $27,200.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":156304,"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-156303","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\/156303","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=156303"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/156303\/revisions"}],"predecessor-version":[{"id":156305,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/156303\/revisions\/156305"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/156304"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=156303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=156303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=156303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}