{"id":22675,"date":"2023-05-19T04:43:44","date_gmt":"2023-05-19T04:43:44","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/05\/19\/bitcoin-price-topside-bias-vulnerable-unless-it-surges-past-27500\/"},"modified":"2023-05-19T04:43:44","modified_gmt":"2023-05-19T04:43:44","slug":"bitcoin-price-topside-bias-vulnerable-unless-it-surges-past-27500","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/05\/19\/bitcoin-price-topside-bias-vulnerable-unless-it-surges-past-27500\/","title":{"rendered":"Bitcoin Price Topside Bias Vulnerable Unless It Surges Past $27,500"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Bitcoin worth is struggling under $27,500. BTC is now prone to a draw back break except there&#8217;s a shut above the $27,500 resistance.<\/em><\/p>\n<ul>\n<li>Bitcoin began one other decline and traded under the $26,800 stage.<\/li>\n<li>The worth is buying and selling under $27,200 and the 100 hourly Simple transferring common.<\/li>\n<li>There is a key bearish pattern line forming with resistance close to $27,320 on the hourly chart of the BTC\/USD pair (information feed from Kraken).<\/li>\n<li>The pair might begin a contemporary rally if it clears the $27,320 and $27,500 resistance ranges.<\/li>\n<\/ul>\n<h2>Bitcoin Price Faces Resistance<\/h2>\n<p>Bitcoin worth began a <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-rally-28k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener\">fresh decline<\/a> under the $27,200 stage. BTC even traded under the $26,550 assist zone to set a brand new weekly low.<\/p>\n<p>A low is shaped close to $26,345 and the worth is now trying a contemporary improve. There was a transfer above the 23.6% Fib retracement stage of the latest decline from the $27,492 swing excessive to the $26,345 low. It is now buying and selling under $27,200 and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-holds-support-28k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener\">100 hourly Simple moving average<\/a>.<\/p>\n<p>There can also be a key bearish pattern line forming with resistance close to $27,320 on the hourly chart of the BTC\/USD pair. Bitcoin worth is now struggling to clear the $27,000 resistance.<\/p>\n<p>It is dealing with boundaries close to the 50% Fib retracement stage of the latest decline from the $27,492 swing excessive to the $26,345 low. The subsequent main resistance is close to the $27,320 stage and the pattern line. A detailed above the $27,320 resistance may cut back promoting stress.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Bitcoin-14.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-533929\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Bitcoin-14.png\" alt=\"Bitcoin Price\" width=\"1950\" height=\"1109\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Bitcoin-14.png 1950w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Bitcoin-14-460x262.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Bitcoin-14-860x489.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Bitcoin-14-768x437.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Bitcoin-14-1536x874.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Bitcoin-14-750x427.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/Bitcoin-14-1140x648.png 1140w\" sizes=\"auto, (max-width: 1950px) 100vw, 1950px\"\/><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"nofollow noopener\">BTCUSD on TradingView.com<\/a><\/p>\n<p>The subsequent key resistance is close to $27,550, above which the worth may achieve bullish momentum and check the $28,000 resistance. Any extra good points may ship the worth towards the $28,500 stage.<\/p>\n<h2>Fresh Decline in BTC?<\/h2>\n<p>If Bitcoin\u2019s worth fails to clear the $27,320 resistance, it might begin a contemporary decline. Immediate assist on the draw back is close to the $26,550 stage.<\/p>\n<p>The subsequent main assist is close to the $26,350 zone, under which the worth may achieve bearish momentum. In the said case, it might check the $26,000 stage. Any extra losses may take Bitcoin towards the $25,500 stage within the close to time period.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now dropping tempo within the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now under the 50 stage.<\/p>\n<p>Major Support Levels \u2013 $26,550, adopted by $26,350.<\/p>\n<p>Major Resistance Levels \u2013 $27,000, $27,320, and $27,500.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-vulnerable-27500\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin worth is struggling under $27,500. BTC is now prone to a draw back break except there&#8217;s a shut above the $27,500 resistance. Bitcoin began one other decline and traded under the $26,800 stage. The worth is buying and selling under $27,200 and the 100 hourly Simple transferring common. There is a key bearish 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