{"id":24299,"date":"2023-06-19T03:42:37","date_gmt":"2023-06-19T03:42:37","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/06\/19\/bitcoin-price-steadies-above-26k-can-bulls-pump-it-further\/"},"modified":"2023-06-19T03:42:38","modified_gmt":"2023-06-19T03:42:38","slug":"bitcoin-price-steadies-above-26k-can-bulls-pump-it-further","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/06\/19\/bitcoin-price-steadies-above-26k-can-bulls-pump-it-further\/","title":{"rendered":"Bitcoin Price Steadies Above $26K, Can Bulls Pump It Further?"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Bitcoin worth is shifting greater above the $26,000 resistance. BTC might proceed to rise if there&#8217;s a clear transfer above the $26,800 zone.<\/em><\/p>\n<ul>\n<li>Bitcoin began a restoration wave above the $26,000 resistance.<\/li>\n<li>The worth is buying and selling above $26,000 and the 100 hourly Simple shifting common.<\/li>\n<li>There is a key bearish pattern line forming with resistance close to $26,200 on the hourly chart of the BTC\/USD pair (knowledge feed from Kraken).<\/li>\n<li>The pair might rise additional if it clears the $26,650 and $26,800 resistance ranges.<\/li>\n<\/ul>\n<h2>Bitcoin Price Regains $26,000<\/h2>\n<p>Bitcoin worth remained well-bid above the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-aims-26200\/?swcfpc=1\" target=\"_blank\" rel=\"noopener\">$25,500 resistance zone<\/a>. As a consequence, BTC began a contemporary restoration wave above the $26,000 resistance zone and even broke $26,200.<\/p>\n<p>The bulls pushed the value above the $26,500 stage. A excessive is shaped close to $26,793 and the value is now consolidating positive aspects. It is now buying and selling close to the 23.6% Fib retracement stage of the upward transfer from the $24,751 swing low to the $26,793 excessive.<\/p>\n<p>Bitcoin worth is now buying and selling above $26,000 and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-plunges-24k-next\/?swcfpc=1\" target=\"_blank\" rel=\"noopener\">100 hourly Simple moving average<\/a>. Besides, there&#8217;s a key bearish pattern line forming with resistance close to $26,200 on the hourly chart of the BTC\/USD pair.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-538443\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/06\/Bitcoin-12.png\" alt=\"Bitcoin Price\" width=\"1835\" height=\"845\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/06\/Bitcoin-12.png 1835w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/06\/Bitcoin-12-460x212.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/06\/Bitcoin-12-860x396.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/06\/Bitcoin-12-768x354.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/06\/Bitcoin-12-1536x707.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/06\/Bitcoin-12-750x345.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/06\/Bitcoin-12-1140x525.png 1140w\" sizes=\"auto, (max-width: 1835px) 100vw, 1835px\"\/><\/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>If there&#8217;s one other enhance, the value would possibly face resistance close to the $26,650 stage. The subsequent main resistance is close to the $26,800 stage. A transparent transfer above the $26,800 resistance would possibly push the value additional greater. The subsequent main resistance is close to the $27,200 stage, above which the bulls would possibly ship BTC towards the $27,500 resistance zone.<\/p>\n<h2>Dips Limited in BTC?<\/h2>\n<p>If Bitcoin\u2019s worth fails to clear the $26,800 resistance, it might begin a draw back correction. Immediate assist on the draw back is close to the $26,300 stage.<\/p>\n<p>The subsequent main assist is close to the $26,200 stage and the pattern line, under which the value would possibly begin take a look at the 100 hourly Simple shifting common. The key assist is now close to $25,750 or the 50% Fib retracement stage of the upward transfer from the $24,751 swing low to the $26,793 excessive. Any extra losses would possibly ship the value towards $25,200 within the close to time period.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now shedding tempo within the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is under the 50 stage.<\/p>\n<p>Major Support Levels \u2013 $26,200, adopted by $26,000.<\/p>\n<p>Major Resistance Levels \u2013 $26,650, $26,800, and $27,200.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-steadies-above-26k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin worth is shifting greater above the $26,000 resistance. BTC might proceed to rise if there&#8217;s a clear transfer above the $26,800 zone. Bitcoin began a restoration wave above the $26,000 resistance. The worth is buying and selling above $26,000 and the 100 hourly Simple shifting common. There is a key bearish pattern line [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[4],"tags":[1432,20,640,110,2578,5562],"class_list":["post-24299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-26k","tag-bitcoin","tag-bulls","tag-price","tag-pump","tag-steadies","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/24299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=24299"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/24299\/revisions"}],"predecessor-version":[{"id":24300,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/24299\/revisions\/24300"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/4265"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=24299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=24299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=24299"}],"curies":[{"name"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