{"id":524066,"date":"2023-03-22T03:58:54","date_gmt":"2023-03-22T03:58:54","guid":{"rendered":"https:\/\/uniquehot.com\/?p=524066"},"modified":"2024-06-11T09:55:51","modified_gmt":"2024-06-11T09:55:51","slug":"bitcoin-price-leg-higher-over-28-5k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-leg-higher-over-28-5k\/","title":{"rendered":"Bitcoin Price Looks Ready For Another Leg Higher Over $28.5K"},"content":{"rendered":"<p>[vc_row][vc_column][vc_column_text]<em>Bitcoin price is attempting an upside break above the $28,500 resistance zone. BTC could rally if there is a close above the $28,500 resistance zone.<\/em><\/p>\n<ul>\n<li>Bitcoin is gaining pace above the $28,000 resistance.<\/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 $27,780 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could gain bullish momentum if there is a close above the $28,500 resistance.<\/li>\n<\/ul>\n<h2>Bitcoin Price Eyes More Gains<\/h2>\n<p>Bitcoin price made <a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-bulls-take-break-28k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">another attempt to clear the $28,500 resistance zone<\/a>. However, BTC struggled to gain pace for a close above the $28,500 resistance zone.<\/p>\n<p>As a result, there was a downside correction below the $28,000 level. The price spiked below the 50% Fib retracement level of the upward move from the $23,912 swing low to $28,591 high. It tested the key $27,400 support zone and the 100 hourly simple moving average.<\/p>\n<p>The bulls protected the 61.8% Fib retracement level of the upward move from the $23,912 swing low to $28,591 high. There is also a key bullish trend line forming with support near $27,780 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Bitcoin price is now trading above $27,500 and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $28,400 level.<\/p>\n<p><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Bitcoin-15.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-524067\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Bitcoin-15.png?resize=1834%2C845\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Bitcoin-15.png?w=1834 1834w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Bitcoin-15.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Bitcoin-15.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Bitcoin-15.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Bitcoin-15.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Bitcoin-15.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/Bitcoin-15.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/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>The next major resistance is near the $28,500 zone or the recent high. A close above the $28,500 resistance might start another major increase. In the stated case, the price could rise towards the $29,200 level. Any more gains might send the price towards the <a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-defies-gravity-28k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">$30,000 resistance zone<\/a>.<\/p>\n<h2>Dips Limited in BTC?<\/h2>\n<p>If bitcoin price fails to clear the $28,500 resistance, it could start a downside correction. An immediate support on the downside is near the $27,780 zone, the 100 hourly simple moving average, and the trend line.<\/p>\n<p>The next major support is near the $27,000 zone. Any more losses might send the price towards the $26,200 support zone. The next major support is near the $25,700 level.<\/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 $27,780, followed by $27,000.<\/p>\n<p>Major Resistance Levels \u2013 $28,400, $28,500 and $30,000.<\/p>\n<p><span data-sheets-formula-bar-text-style=\"font-size:15px;color:#000000;font-weight:normal;text-decoration:none;font-family:'docs-Calibri';font-style:normal;text-decoration-skip-ink:none;\">Read <\/span><a href=\"https:\/\/uniquehot.com\"><span data-sheets-formula-bar-text-style=\"font-size:13px;color:#ea4335;font-weight:normal;text-decoration:none;font-family:'Arial';font-style:normal;text-decoration-skip-ink:none;\">bitcoin news<\/span><\/a><span data-sheets-formula-bar-text-style=\"font-size:15px;color:#000000;font-weight:normal;text-decoration:none;font-family:'docs-Calibri';font-style:normal;text-decoration-skip-ink:none;\">\u00a0daily<\/span> <span data-sheets-formula-bar-text-style=\"font-size:15px;color:#000000;font-weight:normal;text-decoration:none;font-family:'docs-Calibri';font-style:normal;text-decoration-skip-ink:none;\">on uniquehot.com<\/span>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text]Bitcoin price is attempting an upside break above the $28,500 resistance zone. BTC could rally if there is a close above the $28,500 resistance zone. Bitcoin is gaining pace above the $28,000 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 $27,780 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could gain bullish momentum if there is a close above the $28,500 resistance. Bitcoin Price Eyes More Gains Bitcoin price made another attempt to clear the $28,500 resistance zone. However, BTC struggled to gain pace for a close above the $28,500 resistance zone. As a result, there was a downside correction below the $28,000 level. The price spiked below the 50% Fib retracement level of the upward move from the $23,912 swing low to $28,591 high. It tested the key $27,400 support zone and the 100 hourly simple moving average. The bulls protected the 61.8% Fib retracement level of the upward move from the $23,912 swing low to $28,591 high. There is also a key bullish trend line forming with support near $27,780 on the hourly chart of the BTC\/USD pair. Bitcoin price is now trading above $27,500 and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $28,400 level. Source: BTCUSD on TradingView.com The next major resistance is near the $28,500 zone or the recent high. A close above the $28,500 resistance might start another major increase. In the stated case, the price could rise towards the $29,200 level. Any more gains might send the price towards the $30,000 resistance zone. Dips Limited in BTC? If bitcoin price fails to clear the $28,500 resistance, it could start a downside correction. An immediate support on the downside is near the $27,780 zone, the 100 hourly simple moving average, and the trend line. The next major support is near the $27,000 zone. Any more losses might send the price towards the $26,200 support zone. The next major support is near the $25,700 level. Technical indicators: Hourly MACD \u2013 The MACD is now gaining 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 $27,780, followed by $27,000. Major Resistance Levels \u2013 $28,400, $28,500 and $30,000. Read bitcoin news\u00a0daily on uniquehot.com[\/vc_column_text][\/vc_column][\/vc_row]<\/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-524066","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 Looks Ready For Another Leg Higher Over $28.5K<\/title>\n<meta name=\"description\" content=\"Bitcoin price is attempting an upside break above the $28,500 resistance zone. 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