Bitcoin Price Looks Ready For Another Leg Higher Over $28.5K

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,201,595,351,510	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,201,595,351,510

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-2,618.12	-4.10%	61,219.50	61,217.54	61,222.71

Price Change

Price Change %

Current Price

Bid Price

Offer

-2,618.12

-4.10%

61,219.50

61,217.54

61,222.71

High Price	Low Price	Open Price	Prev. Close	52 Week Range
64,727.81	60,505.20	63,780.29	63,837.62	24,750.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

64,727.81

60,505.20

63,780.29

63,837.62

24,750.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	15:46:30	0.001109	61,219.50	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

15:46:30

0.001109

61,219.50

USD

Price x Volume	Volume	Base Symbol	Related Pairs
737,856,552.65	11,883.28	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

737,856,552.65

11,883.28

Bitcoin Price Looks Ready For Another Leg Higher Over $28.5K

22/03/2023 3:58am

NEWSBTC

Bitcoin price is attempting an upside break above the $28,500 resistance zone. BTC could rally if there is a close above the $28,500 resistance zone. Bitcoin is gaining pace above the $28,000 resistance. The price is trading above $27,500 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $27,780 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if there is a close above the $28,500 resistance. Bitcoin Price Eyes More Gains Bitcoin price made another attempt to clear the $28,500 resistance zone. However, BTC struggled to gain pace for a close above the $28,500 resistance zone. As a result, there was a downside correction below the $28,000 level. The price spiked below the 50% Fib retracement level of the upward move from the $23,912 swing low to $28,591 high. It tested the key $27,400 support zone and the 100 hourly simple moving average. The bulls protected the 61.8% Fib retracement level of the upward move from the $23,912 swing low to $28,591 high. There is also a key bullish trend line forming with support near $27,780 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above $27,500 and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $28,400 level. Source: BTCUSD on TradingView.com The next major resistance is near the $28,500 zone or the recent high. A close above the $28,500 resistance might start another major increase. In the stated case, the price could rise towards the $29,200 level. Any more gains might send the price towards the $30,000 resistance zone. Dips Limited in BTC? If bitcoin price fails to clear the $28,500 resistance, it could start a downside correction. An immediate support on the downside is near the $27,780 zone, the 100 hourly simple moving average, and the trend line. The next major support is near the $27,000 zone. Any more losses might send the price towards the $26,200 support zone. The next major support is near the $25,700 level. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $27,780, followed by $27,000. Major Resistance Levels – $28,400, $28,500 and $30,000.

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