{"id":28083,"date":"2023-09-06T04:24:06","date_gmt":"2023-09-06T04:24:06","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/09\/06\/bitcoin-bulls-hold-strong-at-25500-but-can-they-push-btc-higher\/"},"modified":"2023-09-06T04:24:06","modified_gmt":"2023-09-06T04:24:06","slug":"bitcoin-bulls-hold-strong-at-25500-but-can-they-push-btc-higher","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/09\/06\/bitcoin-bulls-hold-strong-at-25500-but-can-they-push-btc-higher\/","title":{"rendered":"Bitcoin Bulls Hold Strong At $25,500 But Can They Push BTC Higher?"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Bitcoin worth is consolidating above $25,650 and $25,500. BTC may begin an honest improve if the bulls handle to push it above the $26,200 resistance.<\/em><\/p>\n<ul>\n<li>Bitcoin is buying and selling in a variety above the $25,650 help zone.<\/li>\n<li>The worth is buying and selling under $26,000 and the 100 hourly Simple transferring common.<\/li>\n<li>There is a short-term bearish development line forming with resistance close to $25,800 on the hourly chart of the BTC\/USD pair (knowledge feed from Kraken).<\/li>\n<li>The pair may take a significant hit if it continues to wrestle under the $26,200 resistance zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Starts Consolidation<\/h2>\n<p>Bitcoin worth remained in a variety and settled nicely under the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-downside-thrust-25000\/\" target=\"_blank\" rel=\"noopener\">$26,200 resistance zone<\/a>. It looks like BTC bulls are at the moment defending a draw back break under the $25,650 and $25,500 help ranges.<\/p>\n<p>It is clearly consolidating above the $25,650 stage. However, it&#8217;s also under $26,000 and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-recovery-fade-26200\/\" target=\"_blank\" rel=\"noopener\">100 hourly Simple moving average<\/a>. Besides, there&#8217;s a short-term bearish development line forming with resistance close to $25,800 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Immediate resistance on the upside is close to the $25,800 stage and the development line. The first main resistance is close to the $26,000 stage or the 23.6% Fib retracement stage of the primary decline from the $28,150 swing excessive to the $25,330 low.<\/p>\n<p>The subsequent main resistance is now close to the $26,200 stage. A correct shut above the $26,200 stage would possibly begin an honest restoration wave towards $26,750. It is near the 50% Fib retracement stage of the primary decline from the $28,150 swing excessive to the $25,330 low.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-550189\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Bitcoin-3.png?resize=1024%2C468\" alt=\"Bitcoin Price\" width=\"1024\" height=\"468\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Bitcoin-3.png?resize=1024%2C468?w=1835 1835w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Bitcoin-3.png?resize=1024%2C468?w=460 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Bitcoin-3.png?resize=1024%2C468?w=768 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Bitcoin-3.png?resize=1024%2C468?w=860 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Bitcoin-3.png?resize=1024%2C468?w=1536 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Bitcoin-3.png?resize=1024%2C468?w=750 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Bitcoin-3.png?resize=1024%2C468?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" loading=\"lazy\" data-recalc-dims=\"1\"\/><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\">BTCUSD on TradingView.com<\/a><\/p>\n<p>The subsequent main resistance is close to $27,000, above which the bulls would possibly acquire energy. In the acknowledged case, the value may take a look at the $28,000 stage.<\/p>\n<h2>Another Drop In BTC?<\/h2>\n<p>If Bitcoin fails to clear the $26,200 resistance, it may proceed to maneuver down. Immediate help on the draw back is close to the $25,650 stage.<\/p>\n<p>The subsequent main help is close to the $25,350 stage. A draw back break and shut under the $25,350 stage would possibly ship the value additional decrease. In the acknowledged case, the value may drop towards $24,800 and even $24,500.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now shedding tempo within the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 stage.<\/p>\n<p>Major Support Levels \u2013 $25,650, adopted by $25,350.<\/p>\n<p>Major Resistance Levels \u2013 $25,800, $26,000, and $26,200.<\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-bulls-hold-strong-25500\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin worth is consolidating above $25,650 and $25,500. BTC may begin an honest improve if the bulls handle to push it above the $26,200 resistance. Bitcoin is buying and selling in a variety above the $25,650 help zone. The worth is buying and selling under $26,000 and the 100 hourly Simple transferring common. There 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