• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

Types, Use Cases and Why They Matter

2025-05-24

What’s the Real Difference for Beginners?

2025-05-24

What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

2025-05-23
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    Types, Use Cases and Why They Matter

    2025-05-24

    What’s the Real Difference for Beginners?

    2025-05-24

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    2025-05-23

    What Is a DEX? How DEXs Work and Why They Matter

    2025-05-21

    What Is Blockchain? Blockchain Technology Explained for Beginners

    2025-05-21
  • Market Cap
  • Shop
Crypto Semantic
Home»Analysis»Bitcoin Price Prints Bullish Technical Pattern, Why Close Above $28,500 Is Critical
Analysis

Bitcoin Price Prints Bullish Technical Pattern, Why Close Above $28,500 Is Critical

2023-05-28No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin worth is up 4% and buying and selling above $28,000. BTC should clear the $28,500 resistance zone to proceed larger within the close to time period.

  • Bitcoin is gaining tempo above the $27,500 and $27,800 resistance ranges.
  • The worth is buying and selling above $28,000 and the 100 hourly Easy transferring common.
  • There’s a key bullish development line forming with assist close to $27,700 on the hourly chart of the BTC/USD pair (information feed from Kraken).
  • The pair may right decrease however the bulls is perhaps lively close to $27,700 and $27,500.

Bitcoin Worth Recovers Over 4%

Bitcoin worth managed to remain above the $26,000 assist zone. BTC fashioned a base and began a restoration wave above the $27,000 resistance.

There was a gradual enhance as soon as the worth cleared the $27,500 resistance zone. It’s up over 4% and there was a break above the $28,000 resistance. A excessive is fashioned close to $28,450 and the worth is now consolidating features. It’s buying and selling close to the 23.6% Fib retracement degree of the upward transfer from the $27,143 swing low to the $28,450 excessive.

Bitcoin worth is now buying and selling above $28,000 and the 100 hourly Easy transferring common. There may be additionally a key bullish development line forming with assist close to $27,700 on the hourly chart of the BTC/USD pair.

Speedy resistance on the upside is close to the $28,320 degree. The following main resistance is close to the $28,500 degree. A detailed above the $28,500 resistance zone may ship the worth towards the $29,200 resistance zone.

See also  MakerDAO’s MKR Nears 16-Month High as Whales Accumulate, Crypto Hedge Fund Sets Bullish Price Target

Bitcoin Price

Supply: BTCUSD on TradingView.com

The following key resistance is close to $29,500, above which the worth may rise towards the $30,000 resistance. Any extra features may ship the worth towards the $31,200 resistance degree.

Are Dips Restricted in BTC?

If Bitcoin’s worth fails to clear the $28,500 resistance, it may begin a draw back correction. Speedy assist on the draw back is close to the $28,000 degree.

The following main assist is close to the $27,700 zone or the 50% Fib retracement degree of the upward transfer from the $27,143 swing low to the $28,450 excessive, beneath which the worth may take a look at the $27,500 assist. Any extra losses may take Bitcoin towards the $27,200 degree within the close to time period.

Technical indicators:

Hourly MACD – The MACD is now dropping tempo within the bullish zone.

Hourly RSI (Relative Energy Index) – The RSI for BTC/USD is within the overbought zone.

Main Help Ranges – $28,000, adopted by $27,700.

Main Resistance Ranges – $28,320, $28,500, and $29,200.

Source link

Bitcoin Bullish close Critical pattern Price prints Technical
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin vs. Altcoins: What Are The Differences?

2025-02-26

What Can You Buy with Bitcoin? Everything You Need to Know

2025-02-14

Ethereum vs Bitcoin: Difference Between this Cryptocurrencies

2025-02-07

Uniswap (UNI) Price Prediction 2025 2026 2027

2025-01-08
Add A Comment

Leave A Reply Cancel Reply

Top Posts
NFT

Hyperspace debuts on Avalanche, its first EVM chain

2023-09-07

Avalanche has introduced the EVM chain debut of Hyperspace, a multi-chain NFT market. The mission…

DeFi

Proposal to integrate Chainlink’s low-latency oracles in GMX v2 forwarded

2023-04-08

DeFi GMX, the decentralized crypto derivatives trade that helps as much as 50X leverage buying…

Altcoins

Bloomberg Experts Forecast Timeline For Ethereum ETF Approval

2023-12-06

The journey in the direction of the approval of an Ethereum ETF in the US…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

Blockchain Founders Fund raises $75M to encourage Web3 mass adoption

2023-03-01

Maker generates $14m in revenue, Ethereum’s earnings surge

2024-01-30

Qtum Embarks on BRC-20 Token Integration to Boost Ecosystem and Drive Innovation

2024-02-15

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$108,926.00-0.28%
  • ethereumEthereum(ETH)$2,554.21-0.73%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.35-0.80%
  • binancecoinBNB(BNB)$673.430.31%
  • solanaSolana(SOL)$176.16-2.98%
  • usd-coinUSDC(USDC)$1.00-0.01%
bitcoin
Bitcoin (BTC) $ 109,152.24
ethereum
Ethereum (ETH) $ 2,560.83
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.35
bnb
BNB (BNB) $ 674.13
solana
Solana (SOL) $ 176.84
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.228712
cardano
Cardano (ADA) $ 0.760762
tron
TRON (TRX) $ 0.271641