{"id":193704,"date":"2023-09-15T03:39:24","date_gmt":"2023-09-15T03:39:24","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=193704"},"modified":"2023-09-15T03:39:24","modified_gmt":"2023-09-15T03:39:24","slug":"bitcoin-bulls-keep-pushing-and-its-good-signs-of-a-fresh-rally","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/crypto\/bitcoin-bulls-keep-pushing-and-its-good-signs-of-a-fresh-rally\/","title":{"rendered":"Bitcoin Bulls Keep Pushing And Its Good Signs of A Fresh Rally"},"content":{"rendered":"<p><em>Bitcoin price is holding gains above the $26,200 zone. BTC seems to be forming a base for a fresh increase above $26,850 in the coming sessions.<\/em><\/p>\n<ul>\n<li>Bitcoin is eyeing a key upside break above the $26,850 level.<\/li>\n<li>The price is trading above $26,100 and the 100 hourly Simple moving average.<\/li>\n<li>There is a key bullish trend line forming with support near $26,300 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair seems to be setting up for a fresh rally above the $26,850 resistance.<\/li>\n<\/ul>\n<h2>Bitcoin Price Could Rally Above $27K<\/h2>\n<p>Bitcoin price started a decent increase above the $26,000 resistance zone. BTC remained well-bid above the Fib retracement level of the upward move from the $24,925 swing low to the $27,212 high.<\/p>\n<p>There was a close above the $26,500 resistance zone. However, the bears seem to be protecting an upside break above the $26,850 resistance. The recent high was formed near $26,833 before there was another downside correction.<\/p>\n<p>There was a move toward the 50% Fib retracement level of the recent increase from the $26,154 swing low to the $26,833 high. Bitcoin is now trading above $26,100 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support near $26,300 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Immediate resistance on the upside is near the $26,720 level. The first major resistance is near the $26,850 level. The next key resistance could be near the $27,200 level.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Bitcoin-10.png?resize=1024%2C468\"><\/p>\n<p>Source: BTCUSD on TradingView.com<\/p>\n<p>A successful move above the $26,850 resistance and then a close above $27,200 could spark another bullish wave. The next major resistance is near $28,000, above which the bulls could gain strength. In the stated case, the price could test the $28,800 level.<\/p>\n<h2>Another Rejection In BTC?<\/h2>\n<p>If Bitcoin fails to start a fresh increase above the $26,850 resistance, it could continue to move down. Immediate support on the downside is near the $26,300 level and the trend line.<\/p>\n<p>The trend line is near the 76.4% Fib retracement level of the recent increase from the $26,154 swing low to the $26,833 high. The next major support is near the $26,000 level. A downside break and close below the $26,000 level might send the price toward the key support at $25,550.<\/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 $26,300, followed by $26,000.<\/p>\n<p>Major Resistance Levels \u2013 $26,720, $26,850, and $27,200.<\/p>\n<p>Source: <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-bulls-keep-pushing-26850\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is holding gains above the $26,200 zone. BTC seems to be forming a&#8230;<\/p>\n","protected":false},"author":4,"featured_media":193703,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Bulls Keep Pushing And Its Good Signs of A Fresh Rally - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/crypto\/bitcoin-bulls-keep-pushing-and-its-good-signs-of-a-fresh-rally\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Bulls Keep Pushing And Its Good Signs of A Fresh Rally - Tokens Talk\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price is holding gains above the $26,200 zone. 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