{"id":28694,"date":"2023-09-18T04:11:04","date_gmt":"2023-09-18T04:11:04","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/09\/18\/bitcoin-price-holds-strong-at-100-sma-a-strengthening-case-for-upside\/"},"modified":"2023-09-18T04:11:04","modified_gmt":"2023-09-18T04:11:04","slug":"bitcoin-price-holds-strong-at-100-sma-a-strengthening-case-for-upside","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/09\/18\/bitcoin-price-holds-strong-at-100-sma-a-strengthening-case-for-upside\/","title":{"rendered":"Bitcoin Price Holds Strong At 100 SMA \u2013 A Strengthening Case For Upside"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Bitcoin worth is holding the $26,400 help zone. BTC might acquire bullish momentum if there&#8217;s a shut above the $27,000 resistance zone.<\/em><\/p>\n<ul>\n<li>Bitcoin is holding features above the $26,200 help stage.<\/li>\n<li>The worth is buying and selling above $26,500 and the 100 hourly Simple shifting common.<\/li>\n<li>There is a connecting bullish pattern line forming with help close to $26,500 on the hourly chart of the BTC\/USD pair (information feed from Kraken).<\/li>\n<li>The pair might begin a gentle enhance if it settles above $26,850 after which $27,000.<\/li>\n<\/ul>\n<h2>Bitcoin Price Holds Ground<\/h2>\n<p>Bitcoin worth began a <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-bulls-keep-pushing-26850\/\" target=\"_blank\" rel=\"noopener\">decent increase<\/a> above the $26,200 resistance zone. BTC even climbed above the $26,800 stage however failed to remain within the constructive zone.<\/p>\n<p>There was a minor draw back correction beneath $26,550. The worth traded as little as $26,412 and is at the moment making an attempt a contemporary enhance. There was a transfer above the 50% Fib retracement stage of the downward transfer from the $26,887 swing excessive to the $26,412 low.<\/p>\n<p>Bitcoin worth is now buying and selling above $26,500 and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-rally-above-26500\/\" target=\"_blank\" rel=\"noopener\">100 hourly Simple moving average<\/a>. There can be a connecting bullish pattern line forming with help close to $26,500 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Immediate resistance on the upside is close to the $26,700 stage or the 61.8% Fib retracement stage of the downward transfer from the $26,887 swing excessive to the $26,412 low. The first main resistance is close to the $26,850 stage. The subsequent key resistance might be close to the $27,000 stage.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-551691\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Bitcoin-11.png?resize=1024%2C468\" alt=\"Bitcoin Price\" width=\"1024\" height=\"468\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Bitcoin-11.png?resize=1024%2C468?w=1835 1835w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Bitcoin-11.png?resize=1024%2C468?w=460 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Bitcoin-11.png?resize=1024%2C468?w=768 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Bitcoin-11.png?resize=1024%2C468?w=860 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Bitcoin-11.png?resize=1024%2C468?w=1536 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Bitcoin-11.png?resize=1024%2C468?w=750 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Bitcoin-11.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>A profitable shut above the $26,850 resistance and $27,200 might spark one other bullish wave. The subsequent main resistance is close to $27,500, above which the bulls might acquire power. In the acknowledged case, the value might check the $28,500 stage.<\/p>\n<h2>Another Drop In BTC?<\/h2>\n<p>If Bitcoin fails to begin a contemporary enhance above the $26,850 resistance, it might react to the draw back. Immediate help on the draw back is close to the $26,500 stage and the pattern line.<\/p>\n<p>The subsequent main help is close to the $26,200 stage. A draw back break and shut beneath the $26,200 stage may ship the value towards the subsequent help at $25,650.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining tempo within the bullish 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 $26,500, adopted by $26,200.<\/p>\n<p>Major Resistance Levels \u2013 $26,700, $26,850, and $27,000.<\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-holds-strong-26200\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin worth is holding the $26,400 help zone. BTC might acquire bullish momentum if there&#8217;s a shut above the $27,000 resistance zone. Bitcoin is holding features above the $26,200 help stage. The worth is buying and selling above $26,500 and the 100 hourly Simple shifting common. There is a connecting bullish pattern line forming 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