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{"id":524653,"date":"2023-03-28T03:02:48","date_gmt":"2023-03-28T03:02:48","guid":{"rendered":"https:\/\/uniquehot.com\/?p=524653"},"modified":"2024-06-11T10:36:10","modified_gmt":"2024-06-11T10:36:10","slug":"bitcoin-price-support-26-5k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-support-26-5k\/","title":{"rendered":"Bitcoin Price Revisits Key Support, Can Bulls Save The Day?"},"content":{"rendered":"

Bitcoin price declined and retested the $26,500 support. BTC must stay above the $26,500 support to avoid more losses in the coming sessions.<\/em><\/p>\n

\n
Bitcoin started another decline and retested the $26,500 support.<\/li>\n
The price is trading below $27,500 and the 100 hourly simple moving average.<\/li>\n
There is a major bearish trend line forming with resistance near $27,700 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could extend its decline if there is a clear move below the $26,500 support.<\/li>\n<\/ul>\n
Bitcoin Price Turns Red Again<\/h2>\n
Bitcoin price failed to gain strength above the $28,200 resistance zone<\/a>. BTC formed a short-term top and reacted to the downside below the $27,500 support zone.<\/p>\n
There was a clear move below the $27,200 support zone and the price even broke the $27,000 support. It retested the key $26,500 support zone. A low is formed near $26,491 and the price is now consolidating losses. There was a minor increase above the 23.6% Fib retracement level of the downward move from the $28,240 swing high to $26,491 low.<\/p>\n
Bitcoin price is now trading below $27,500 and the 100 hourly simple moving average<\/a>. There is also a major bearish trend line forming with resistance near $27,700 on the hourly chart of the BTC\/USD pair.<\/p>\n
On the upside, an immediate resistance is near the $27,350 level. It is near the 50% Fib retracement level of the downward move from the $28,240 swing high to $26,491 low. The next major resistance is near the $27,700 zone, the trend line, and the 100 hourly simple moving average.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
A close above the trend line resistance might send the price towards the $28,200 support. In the stated case, the price could rise towards the $28,800 resistance, above which the price might gain bullish momentum.<\/p>\n
More Losses in BTC?<\/h2>\n
If bitcoin price fails to clear the $27,700 resistance, it could start another decline. An immediate support on the downside is near the $26,500 zone.<\/p>\n
The next major support is near the $26,500 zone. A downside break below the $26,500 support might send the price towards the $25,800 support zone. The next major support is near the $25,200 level.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now losing pace in the bearish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n
Major Support Levels \u2013 $26,650, followed by $26,500.<\/p>\n
Major Resistance Levels \u2013 $27,350, $27,700 and $28,200.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price declined and retested the $26,500 support. BTC must stay above the $26,500 support to avoid more losses in the coming sessions. Bitcoin started another decline and retested the $26,500 support. The price is trading below $27,500 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $27,700 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could extend its decline if there is a clear move below the $26,500 support. Bitcoin Price Turns Red Again Bitcoin price failed to gain strength above the $28,200 resistance zone. BTC formed a short-term top and reacted to the downside below the $27,500 support zone. There was a clear move below the $27,200 support zone and the price even broke the $27,000 support. It retested the key $26,500 support zone. A low is formed near $26,491 and the price is now consolidating losses. There was a minor increase above the 23.6% Fib retracement level of the downward move from the $28,240 swing high to $26,491 low. Bitcoin price is now trading below $27,500 and the 100 hourly simple moving average. There is also a major bearish trend line forming with resistance near $27,700 on the hourly chart of the BTC\/USD pair. On the upside, an immediate resistance is near the $27,350 level. It is near the 50% Fib retracement level of the downward move from the $28,240 swing high to $26,491 low. The next major resistance is near the $27,700 zone, the trend line, and the 100 hourly simple moving average. Source: BTCUSD on TradingView.com A close above the trend line resistance might send the price towards the $28,200 support. In the stated case, the price could rise towards the $28,800 resistance, above which the price might gain bullish momentum. More Losses in BTC? If bitcoin price fails to clear the $27,700 resistance, it could start another decline. An immediate support on the downside is near the $26,500 zone. The next major support is near the $26,500 zone. A downside break below the $26,500 support might send the price towards the $25,800 support zone. The next major support is near the $25,200 level. Technical indicators: Hourly MACD \u2013 The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level. Major Support Levels \u2013 $26,650, followed by $26,500. Major Resistance Levels \u2013 $27,350, $27,700 and $28,200.<\/p>\n","protected":false},"author":67,"featured_media":463152,"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-524653","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":"\nBitcoin Price Revisits Key Support, Can Bulls Save The Day?<\/title>\n<meta name=\"description\" content=\"Bitcoin price declined and retested the $26,500 support. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Revisits Key Support, Can Bulls Save The Day?","url":"http:\/\/uniquehot.com\/news\/bitcoin-price-support-26-5k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-price-support-26-5k\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/shutterstock_773873392.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/shutterstock_773873392.jpg?fit=1000%2C582"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin price","btcusd","btcusdt","xbtusd"],"dateCreated":"2023-03-28T03:02:48Z","datePublished":"2023-03-28T03:02:48Z","dateModified":"2024-06-11T10:36:10Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Revisits Key Support, Can Bulls Save The Day?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-support-26-5k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-support-26-5k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/shutterstock_773873392.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/shutterstock_773873392.jpg?fit=1000%2C582\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin price\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2023-03-28T03:02:48Z\",\"datePublished\":\"2023-03-28T03:02:48Z\",\"dateModified\":\"2024-06-11T10:36:10Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/shutterstock_773873392.jpg?fit=1000%2C582","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/524653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=524653"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/524653\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/463152"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=524653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=524653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=524653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}