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{"id":548784,"date":"2023-08-25T03:14:47","date_gmt":"2023-08-25T03:14:47","guid":{"rendered":"https:\/\/uniquehot.com\/?p=548784"},"modified":"2024-06-11T08:03:14","modified_gmt":"2024-06-11T08:03:14","slug":"bitcoin-price-range-26000","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-range-26000\/","title":{"rendered":"Bitcoin Price Could Range Trade Before The Next Big Move"},"content":{"rendered":"

Bitcoin price is consolidating above the $25,500 level. BTC could start a decent increase if there is a close above the $27,000 resistance.<\/em><\/p>\n

\n
Bitcoin is struggling to clear the $26,500 resistance zone.<\/li>\n
The price is trading near $26,100 and the 100 hourly Simple moving average.<\/li>\n
There was a break below a connecting bullish trend line with support near $26,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could continue to trade in a range before the next major move.<\/li>\n<\/ul>\n
Bitcoin Price Slides Again<\/h2>\n
Bitcoin price started a recovery wave above the $26,250 resistance level<\/a>. BTC even cleared the $26,500 level but the bears were active near the $26,750 zone.<\/p>\n
A high was formed near $26,779 and the price started a fresh decline. There was a move below the $26,500 level. The price declined below the 50% Fib retracement level of the recovery move from the $25,360 swing low to the $26,779 high.<\/p>\n
Besides, there was a break below a connecting bullish trend line with support near $26,400 on the hourly chart of the BTC\/USD pair. The pair tested the 61.8% Fib retracement level of the recovery move from the $25,360 swing low to the $26,779 high.<\/p>\n
Bitcoin is trading near $26,100 and the 100 hourly Simple moving average<\/a>. On the upside, immediate resistance is near the $26,400 level. The first major resistance is now near the $26,780 level, above which the price might rise toward the $27,000 resistance.<\/p>\n
$\"Bitcoin$ <\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
To start a strong increase, the price must settle above the $27,000 resistance. In the stated case, the price could test the $27,800 level. Any more gains might set the pace for a larger increase toward $28,200.<\/p>\n
More Losses In BTC?<\/h2>\n
If Bitcoin fails to clear the $26,400 resistance, it could continue to move down. Immediate support on the downside is near the $25,900 zone.<\/p>\n
The next major support is near the $25,400 level. A downside break below the $25,400 level might push the price again into a bearish zone. In the stated case, the price could drop toward $24,800.<\/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 $25,900, followed by $25,400.<\/p>\n
Major Resistance Levels \u2013 $26,400, $26,780, and $27,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is consolidating above the $25,500 level. BTC could start a decent increase if there is a close above the $27,000 resistance. Bitcoin is struggling to clear the $26,500 resistance zone. The price is trading near $26,100 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support near $26,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could continue to trade in a range before the next major move. Bitcoin Price Slides Again Bitcoin price started a recovery wave above the $26,250 resistance level. BTC even cleared the $26,500 level but the bears were active near the $26,750 zone. A high was formed near $26,779 and the price started a fresh decline. There was a move below the $26,500 level. The price declined below the 50% Fib retracement level of the recovery move from the $25,360 swing low to the $26,779 high. Besides, there was a break below a connecting bullish trend line with support near $26,400 on the hourly chart of the BTC\/USD pair. The pair tested the 61.8% Fib retracement level of the recovery move from the $25,360 swing low to the $26,779 high. Bitcoin is trading near $26,100 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $26,400 level. The first major resistance is now near the $26,780 level, above which the price might rise toward the $27,000 resistance. Source: BTCUSD on TradingView.com To start a strong increase, the price must settle above the $27,000 resistance. In the stated case, the price could test the $27,800 level. Any more gains might set the pace for a larger increase toward $28,200. More Losses In BTC? If Bitcoin fails to clear the $26,400 resistance, it could continue to move down. Immediate support on the downside is near the $25,900 zone. The next major support is near the $25,400 level. A downside break below the $25,400 level might push the price again into a bearish zone. In the stated case, the price could drop toward $24,800. 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 $25,900, followed by $25,400. Major Resistance Levels \u2013 $26,400, $26,780, and $27,000.<\/p>\n","protected":false},"author":67,"featured_media":459593,"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-548784","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 Could Range Trade Before The Next Big Move<\/title>\n<meta name=\"description\" content=\"Bitcoin price is consolidating above the $25,500 level. 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