{"id":28924,"date":"2023-09-21T02:48:57","date_gmt":"2023-09-21T02:48:57","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/09\/21\/bitcoin-price-topside-bias-vulnerable-if-it-continues-to-struggle-below-27-5k\/"},"modified":"2023-09-21T02:48:57","modified_gmt":"2023-09-21T02:48:57","slug":"bitcoin-price-topside-bias-vulnerable-if-it-continues-to-struggle-below-27-5k","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/09\/21\/bitcoin-price-topside-bias-vulnerable-if-it-continues-to-struggle-below-27-5k\/","title":{"rendered":"Bitcoin Price Topside Bias Vulnerable If It Continues To Struggle Below $27.5K"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Bitcoin worth is struggling to clear the $27,500 resistance. BTC is slowly shifting decrease and would possibly revisit the $26,200 help zone within the coming periods.<\/em><\/p>\n<ul>\n<li>Bitcoin remains to be struggling to clear the $27,500 resistance.<\/li>\n<li>The worth is buying and selling above $26,800 and the 100 hourly Simple shifting common.<\/li>\n<li>There is a key bullish development line forming with help close to $26,810 on the hourly chart of the BTC\/USD pair (information feed from Kraken).<\/li>\n<li>The pair might begin a bearish wave under $26,800 if it continues to battle under $27,500.<\/li>\n<\/ul>\n<h2>Bitcoin Price Faces Rejection<\/h2>\n<p>Bitcoin worth made a few makes an attempt to achieve energy for a transfer above the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-larger-rally-27500\/\" target=\"_blank\" rel=\"noopener\">$27,500 resistance zone<\/a>. However, BTC did not proceed greater and slowly moved decrease after the Fed rate of interest resolution.<\/p>\n<p>The Fed saved the charges regular at 5.5% and it didn&#8217;t impression Bitcoin a lot. The worth is now shifting decrease under the $27,200 stage. There was a break under the 50% Fib retracement stage of the upward transfer from the $26,656 swing low to the $27,495 excessive.<\/p>\n<p>Bitcoin is now buying and selling above $26,800 and the 100 hourly Simple shifting common. There can also be a key bullish development line forming with help close to $26,810 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>If the worth stays steady above the development line, it might rise once more. Immediate resistance on the upside is close to the $27,280 stage. The first main resistance is close to the $27,500 zone, above which the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-propel-to-28k\/\" target=\"_blank\" rel=\"noopener\">price could gain bullish momentum<\/a>.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-552267\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Bitcoin-14.png?resize=1024%2C468\" alt=\"Bitcoin Price\" width=\"1024\" height=\"468\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Bitcoin-14.png?resize=1024%2C468?w=1835 1835w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Bitcoin-14.png?resize=1024%2C468?w=460 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Bitcoin-14.png?resize=1024%2C468?w=768 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Bitcoin-14.png?resize=1024%2C468?w=860 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Bitcoin-14.png?resize=1024%2C468?w=1536 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Bitcoin-14.png?resize=1024%2C468?w=750 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Bitcoin-14.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 key resistance could possibly be close to the $28,200 stage. A detailed above the $28,200 resistance might push the worth towards the $29,500 resistance. Any extra features would possibly name for a transfer towards the $30,000 stage within the coming days.<\/p>\n<h2>Downside Break In BTC?<\/h2>\n<p>If Bitcoin fails to start out a contemporary improve above the $27,280 resistance, it might proceed to maneuver down. Immediate help on the draw back is close to the $26,855 stage or the 76.4% Fib retracement stage of the upward transfer from the $26,656 swing low to the $27,495 excessive.<\/p>\n<p>The subsequent main help is close to the $26,800 stage and the development line. A draw back break and shut under the $26,800 stage would possibly spark extra bearish strikes and the worth might decline towards the subsequent help at $26,200.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now dropping tempo within the bullish 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 $26,800, adopted by $26,200.<\/p>\n<p>Major Resistance Levels \u2013 $27,280, $27,500, and $28,200.<\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-vulnerable-below-27-5k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin worth is struggling to clear the $27,500 resistance. BTC is slowly shifting decrease and would possibly revisit the $26,200 help zone within the coming periods. Bitcoin remains to be struggling to clear the $27,500 resistance. The worth is buying and selling above $26,800 and the 100 hourly Simple shifting common. There is a 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