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{"id":524923,"date":"2023-03-30T02:26:57","date_gmt":"2023-03-30T02:26:57","guid":{"rendered":"https:\/\/uniquehot.com\/?p=524923"},"modified":"2024-06-11T14:34:42","modified_gmt":"2024-06-11T14:34:42","slug":"bitcoin-price-regains-strength-28k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-regains-strength-28k\/","title":{"rendered":"Bitcoin Price Regains Strength As The Bulls Target Fresh Monthly High"},"content":{"rendered":"

Bitcoin price is rising above the $28,000 resistance. BTC bulls seem to be aiming a fresh surge above the $28,500 and $28,800 resistance levels.<\/em><\/p>\n

\n
Bitcoin is slowly moving higher above the $27,500 resistance zone.<\/li>\n
The price is trading above $28,000 and the 100 hourly simple moving average.<\/li>\n
There is a short-term breakout pattern forming with resistance near $28,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could rally if there is a clear move above the $28,500 and $28,800 resistance levels.<\/li>\n<\/ul>\n
Bitcoin Price Reclaims $28K<\/h2>\n
Bitcoin price started a decent increase above the $27,500 resistance<\/a>. BTC gained pace and was able to clear many hurdles near the $27,800 and $28,000 levels.<\/p>\n
During the increase, there was a break above a key bearish trend line with resistance near $27,800 on the hourly chart of the BTC\/USD pair. It opened the doors for a push towards the key $28,500 resistance zone. A high is formed near $28,629 and the price is now consolidating gains.<\/p>\n
Bitcoin price is now trading above $28,000 and the 100 hourly simple moving average<\/a>. There is also a short-term breakout pattern forming with resistance near $28,500 on the hourly chart of the BTC\/USD pair.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
On the upside, an immediate resistance is near the $28,500 level. The next major resistance is near the $28,800 zone. A close above the triangle resistance and then $28,800 might send the price further higher. In the stated case, the price could climb higher towards the $29,500 resistance. Any more gains might call for a test of the $30,000 resistance zone.<\/p>\n
Another Rejection in BTC?<\/h2>\n
If bitcoin price fails to clear the $28,500 resistance, it could start another decline. An immediate support on the downside is near the $28,200 zone or the 23.6% Fib retracement level of the upward move from the $26,600 swing low to $28,629 high.<\/p>\n
The next major support is near the $27,650 zone and the 100 hourly simple moving average. A downside break below the $27,650 support might spark a fresh decline. The next major support is near the $27,200 level, below which the price might test $26,500.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n
Major Support Levels \u2013 $27,650, followed by $27,200.<\/p>\n
Major Resistance Levels \u2013 $28,500, $28,800 and $30,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is rising above the $28,000 resistance. BTC bulls seem to be aiming a fresh surge above the $28,500 and $28,800 resistance levels. Bitcoin is slowly moving higher above the $27,500 resistance zone. The price is trading above $28,000 and the 100 hourly simple moving average. There is a short-term breakout pattern forming with resistance near $28,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could rally if there is a clear move above the $28,500 and $28,800 resistance levels. Bitcoin Price Reclaims $28K Bitcoin price started a decent increase above the $27,500 resistance. BTC gained pace and was able to clear many hurdles near the $27,800 and $28,000 levels. During the increase, there was a break above a key bearish trend line with resistance near $27,800 on the hourly chart of the BTC\/USD pair. It opened the doors for a push towards the key $28,500 resistance zone. A high is formed near $28,629 and the price is now consolidating gains. Bitcoin price is now trading above $28,000 and the 100 hourly simple moving average. There is also a short-term breakout pattern forming with resistance near $28,500 on the hourly chart of the BTC\/USD pair. Source: BTCUSD on TradingView.com On the upside, an immediate resistance is near the $28,500 level. The next major resistance is near the $28,800 zone. A close above the triangle resistance and then $28,800 might send the price further higher. In the stated case, the price could climb higher towards the $29,500 resistance. Any more gains might call for a test of the $30,000 resistance zone. Another Rejection in BTC? If bitcoin price fails to clear the $28,500 resistance, it could start another decline. An immediate support on the downside is near the $28,200 zone or the 23.6% Fib retracement level of the upward move from the $26,600 swing low to $28,629 high. The next major support is near the $27,650 zone and the 100 hourly simple moving average. A downside break below the $27,650 support might spark a fresh decline. The next major support is near the $27,200 level, below which the price might test $26,500. 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 $27,650, followed by $27,200. Major Resistance Levels \u2013 $28,500, $28,800 and $30,000.<\/p>\n","protected":false},"author":67,"featured_media":459739,"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-524923","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 Regains Strength As The Bulls Target Fresh Monthly High<\/title>\n<meta name=\"description\" content=\"Bitcoin price is rising above the $28,000 resistance. 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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 Regains Strength As The Bulls Target Fresh Monthly High","url":"http:\/\/uniquehot.com\/news\/bitcoin-price-regains-strength-28k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-price-regains-strength-28k\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/03\/Depositphotos_180246254_s-2019-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/03\/Depositphotos_180246254_s-2019-1.jpg?fit=1000%2C667"},"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":"2023-03-30T02:26:57Z","datePublished":"2023-03-30T02:26:57Z","dateModified":"2024-06-11T14:34:42Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Regains Strength As The Bulls Target Fresh Monthly High\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-regains-strength-28k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-regains-strength-28k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/Depositphotos_180246254_s-2019-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/Depositphotos_180246254_s-2019-1.jpg?fit=1000%2C667\"},\"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\":\"2023-03-30T02:26:57Z\",\"datePublished\":\"2023-03-30T02:26:57Z\",\"dateModified\":\"2024-06-11T14:34:42Z\"}<\/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\/03\/Depositphotos_180246254_s-2019-1.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/524923","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=524923"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/524923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/459739"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=524923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=524923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=524923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}