{"id":166439,"date":"2023-10-02T09:39:25","date_gmt":"2023-10-02T04:09:25","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=166439"},"modified":"2023-10-02T09:39:25","modified_gmt":"2023-10-02T04:09:25","slug":"bitcoin-bulls-aim-big-after-recent-surge-to-28k-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-bulls-aim-big-after-recent-surge-to-28k-crypto-news\/","title":{"rendered":"Bitcoin Bulls Aim Big After Recent Surge To $28K &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><em>Bitcoin price rallied above the $27,500 resistance. BTC is consolidating near $28,000 and might start a minor downside correction in the near term.<\/em><\/p>\n<ul>\n<li>Bitcoin gained pace above the $27,200 and $27,500 resistance levels.<\/li>\n<li>The price is trading above $27,500 and the 100 hourly Simple moving average.<\/li>\n<li>There is a key bullish trend line forming with support near $27,350 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair is signaling more gains above $28,000 after a mild downside correction.<\/li>\n<\/ul>\n<h2>Bitcoin Price Rallies To $28K<\/h2>\n<p>Bitcoin price started a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-breaks-higher-27200\/\">decent increase above the $27,000 resistance zone<\/a>. BTC gained pace for a move above the $27,200 and $27,500 resistance levels.<\/p>\n<p>The upward move was such that the price even tested the $28,000 resistance. A high is formed near $28,087 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the upward move from the $26,692 swing low to the $28,087 high.<\/p>\n<p>Bitcoin is trading above $27,500 and the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-bulls-keep-pushing-26k\/\">100 hourly Simple moving average<\/a>. There is also a key bullish trend line forming with support near $27,350 on the hourly chart of the BTC\/USD pair. The trend line is near the 50% Fib retracement level of the upward move from the $26,692 swing low to the $28,087 high.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/Bitcoin.png?resize=1024%2C458\"><\/a><\/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>Immediate resistance on the upside is near the $28,000 level. The next key resistance could be near the $28,200 level. A close above the $28,200 resistance could send the price further higher. In the stated case, the price could climb toward the $28,800 resistance. Any more gains might call for a move toward the $29,500 level.<\/p>\n<h2>Are Dips Supported In BTC?<\/h2>\n<p>If Bitcoin fails to continue higher above the $28,000 resistance, there could be a downside correction. Immediate support on the downside is near the $27,750 level.<\/p>\n<p>The next major support is near the $27,350 level or and the trend line. A downside break and close below the $27,350 level might send the price toward $27,000. The next support sits at $26,750. Any more losses might call for a test of $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 $27,750, followed by $27,350.<\/p>\n<p>Major Resistance Levels \u2013 $28,000, $28,200, and $28,800.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price rallied above the $27,500 resistance. BTC is consolidating near $28,000 and might start a minor downside correction in the near term. Bitcoin gained pace above the $27,200 and $27,500 resistance levels. The price is trading above $27,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":33524,"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-166439","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\/166439","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=166439"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/166439\/revisions"}],"predecessor-version":[{"id":166440,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/166439\/revisions\/166440"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/33524"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=166439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=166439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=166439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}