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{"id":553682,"date":"2023-10-02T03:49:27","date_gmt":"2023-10-02T03:49:27","guid":{"rendered":"https:\/\/uniquehot.com\/?p=553682"},"modified":"2024-06-11T09:10:21","modified_gmt":"2024-06-11T09:10:21","slug":"bitcoin-bulls-aim-big-28k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-bulls-aim-big-28k\/","title":{"rendered":"Bitcoin Bulls Aim Big After Recent Surge To $28K"},"content":{"rendered":"

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

\n
Bitcoin gained pace above the $27,200 and $27,500 resistance levels.<\/li>\n
The price is trading above $27,500 and the 100 hourly Simple moving average.<\/li>\n
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
The pair is signaling more gains above $28,000 after a mild downside correction.<\/li>\n<\/ul>\n
Bitcoin Price Rallies To $28K<\/h2>\n
Bitcoin price started a 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
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
Bitcoin is trading above $27,500 and the 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
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
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
Are Dips Supported In BTC?<\/h2>\n
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
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
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now losing 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 $27,750, followed by $27,350.<\/p>\n
Major Resistance Levels \u2013 $28,000, $28,200, and $28,800.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 support near $27,350 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair is signaling more gains above $28,000 after a mild downside correction. Bitcoin Price Rallies To $28K Bitcoin price started a decent increase above the $27,000 resistance zone. BTC gained pace for a move above the $27,200 and $27,500 resistance levels. 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. Bitcoin is trading above $27,500 and the 100 hourly Simple moving average. 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. Source: BTCUSD on TradingView.com 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. Are Dips Supported In BTC? 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. 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. Technical indicators: Hourly MACD \u2013 The MACD is now losing 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 $27,750, followed by $27,350. Major Resistance Levels \u2013 $28,000, $28,200, and $28,800.<\/p>\n","protected":false},"author":67,"featured_media":506223,"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-553682","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 Bulls Aim Big After Recent Surge To $28K<\/title>\n<meta name=\"description\" content=\"Bitcoin price rallied above the $27,500 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 Bulls Aim Big After Recent Surge To $28K","url":"http:\/\/uniquehot.com\/news\/bitcoin-bulls-aim-big-28k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-bulls-aim-big-28k\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/Depositphotos_67114657_s-2019.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/Depositphotos_67114657_s-2019.jpg?fit=1000%2C700"},"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":"2023-10-02T03:49:27Z","datePublished":"2023-10-02T03:49:27Z","dateModified":"2024-06-11T09:10:21Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Bulls Aim Big After Recent Surge To $28K\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-bulls-aim-big-28k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-bulls-aim-big-28k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Depositphotos_67114657_s-2019.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Depositphotos_67114657_s-2019.jpg?fit=1000%2C700\"},\"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\":\"2023-10-02T03:49:27Z\",\"datePublished\":\"2023-10-02T03:49:27Z\",\"dateModified\":\"2024-06-11T09:10:21Z\"}<\/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\/2022\/10\/Depositphotos_67114657_s-2019.jpg?fit=1000%2C700","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/553682"}],"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=553682"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/553682\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/506223"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=553682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=553682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=553682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}