{"id":29633,"date":"2023-10-02T04:10:53","date_gmt":"2023-10-02T04:10:53","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/10\/02\/bitcoin-bulls-aim-big-after-recent-surge-to-28k\/"},"modified":"2023-10-02T04:10:53","modified_gmt":"2023-10-02T04:10:53","slug":"bitcoin-bulls-aim-big-after-recent-surge-to-28k","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/10\/02\/bitcoin-bulls-aim-big-after-recent-surge-to-28k\/","title":{"rendered":"Bitcoin Bulls Aim Big After Recent Surge To $28K"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Bitcoin worth rallied above the $27,500 resistance. BTC is consolidating close to $28,000 and may begin a minor draw back correction within the close to time period.<\/em><\/p>\n<ul>\n<li>Bitcoin gained tempo above the $27,200 and $27,500 resistance ranges.<\/li>\n<li>The worth is buying and selling above $27,500 and the 100 hourly Simple shifting common.<\/li>\n<li>There is a key bullish pattern line forming with assist close to $27,350 on the hourly chart of the BTC\/USD pair (information feed from Kraken).<\/li>\n<li>The pair is signaling extra features above $28,000 after a gentle draw back correction.<\/li>\n<\/ul>\n<h2>Bitcoin Price Rallies To $28K<\/h2>\n<p>Bitcoin worth began a <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-breaks-higher-27200\/\" target=\"_blank\" rel=\"noopener\">decent increase above the $27,000 resistance zone<\/a>. BTC gained tempo for a transfer above the $27,200 and $27,500 resistance ranges.<\/p>\n<p>The upward transfer was such that the value even examined the $28,000 resistance. A excessive is shaped close to $28,087 and the value is now consolidating features. It is buying and selling nicely above the 23.6% Fib retracement stage of the upward transfer from the $26,692 swing low to the $28,087 excessive.<\/p>\n<p>Bitcoin is buying and selling above $27,500 and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-bulls-keep-pushing-26k\/\" target=\"_blank\" rel=\"noopener\">100 hourly Simple moving average<\/a>. There can be a key bullish pattern line forming with assist close to $27,350 on the hourly chart of the BTC\/USD pair. The pattern line is close to the 50% Fib retracement stage of the upward transfer from the $26,692 swing low to the $28,087 excessive.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/Bitcoin.png?resize=1024%2C458\"><img decoding=\"async\" class=\"alignnone size-full wp-image-553683\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/Bitcoin.png?resize=1024%2C458\" alt=\"Bitcoin Price \" width=\"1024\" height=\"458\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/Bitcoin.png?resize=1024%2C458?w=1950 1950w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/Bitcoin.png?resize=1024%2C458?w=460 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/Bitcoin.png?resize=1024%2C458?w=768 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/Bitcoin.png?resize=1024%2C458?w=860 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/Bitcoin.png?resize=1024%2C458?w=1536 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/Bitcoin.png?resize=1024%2C458?w=750 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/Bitcoin.png?resize=1024%2C458?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" loading=\"lazy\" data-recalc-dims=\"1\"\/><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\">BTCUSD on TradingView.com<\/a><\/p>\n<p>Immediate resistance on the upside is close to the $28,000 stage. The subsequent key resistance could possibly be close to the $28,200 stage. An in depth above the $28,200 resistance may ship the value additional larger. In the said case, the value may climb towards the $28,800 resistance. Any extra features may name for a transfer towards the $29,500 stage.<\/p>\n<h2>Are Dips Supported In BTC?<\/h2>\n<p>If Bitcoin fails to proceed larger above the $28,000 resistance, there could possibly be a draw back correction. Immediate assist on the draw back is close to the $27,750 stage.<\/p>\n<p>The subsequent main assist is close to the $27,350 stage or and the pattern line. A draw back break and shut under the $27,350 stage may ship the value towards $27,000. The subsequent assist sits at $26,750. Any extra losses may name for a take a look at of $26,200.<\/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 now above the 50 stage.<\/p>\n<p>Major Support Levels \u2013 $27,750, adopted by $27,350.<\/p>\n<p>Major Resistance Levels \u2013 $28,000, $28,200, and $28,800.<\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-bulls-aim-big-28k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin worth rallied above the $27,500 resistance. BTC is consolidating close to $28,000 and may begin a minor draw back correction within the close to time period. Bitcoin gained tempo above the $27,200 and $27,500 resistance ranges. The worth is buying and selling above $27,500 and the 100 hourly Simple shifting common. There is 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