{"id":2281048,"date":"2023-09-19T23:38:44","date_gmt":"2023-09-20T03:38:44","guid":{"rendered":"https:\/\/platoaistream.net\/plato-data\/bitcoin-price-analysis-btc-eyes-more-upsides-above-27500-live-bitcoin-news\/"},"modified":"2023-09-19T23:38:44","modified_gmt":"2023-09-20T03:38:44","slug":"bitcoin-price-analysis-btc-eyes-more-upsides-above-27500-live-bitcoin-news","status":"publish","type":"station","link":"https:\/\/platoaistream.net\/plato-data\/bitcoin-price-analysis-btc-eyes-more-upsides-above-27500-live-bitcoin-news\/","title":{"rendered":"Bitcoin Price Analysis: BTC Eyes More Upsides Above $27,500 | Live Bitcoin News"},"content":{"rendered":"<ul>\n<li>Bitcoin price started a decent increase above the $26,500 zone against the US Dollar.<\/li>\n<li>The price is now trading above $26,850 and the 55 simple moving average (4 hours).<\/li>\n<li>There is a connecting bullish trend line forming with support near $26,880 on the 4-hour chart of the BTC\/USD pair (data feed from Coinbase).<\/li>\n<li>The pair could continue to rise if it stays above the $26,200 support zone.<\/li>\n<\/ul>\n<p><em>Bitcoin price is showing positive signs above $26,500 against the US Dollar. BTC might correct lower, but dips could be limited below the $26,200 zone.<\/em><\/p>\n<h2>Bitcoin Price Analysis<\/h2>\n<p>Bitcoin price started a decent increase above the <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.livebitcoinnews.com\/bitcoin-price-analysis-btc-recovery-faces-key-resistance-2\/\">$26,200 resistance zone<\/a>. The price remained stable above the $26,200 level and traded in a positive zone.<\/p>\n<p>There was a clear move above the $26,500 level and the <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.livebitcoinnews.com\/bitcoin-price-analysis-btc-at-risk-of-more-downsides-below-25k\/\">55 simple moving average (4 hours)<\/a>. The price even rallied above the $27,000 resistance zone. However, the price seems to be struggling near the $27,500 zone. A high was formed near $27,499 and the price is now consolidating gains.<\/p>\n<p>The price traded below $27,250 but it is still well above the 23.6% Fib retracement level of the upward move from the $24,900 swing low to the $27,499 high. The price is now trading above $26,850 and the 55 simple moving average (4 hours).<\/p>\n<p>Immediate resistance on the upside is near the $27,500 level. The first major resistance is near the $28,250 level, above which the price could rise toward the $30,000 zone.<\/p>\n<p>Any more gains might send the price toward the $32,500 zone. If there is no upside break, the price might start a downside correction below $27,000. There is also a connecting bullish trend line forming with support near $27,880 on the 4-hour chart of the BTC\/USD pair.<\/p>\n<p>The next key support is near the $26,200 level or the 50% Fib retracement level of the upward move from the $24,900 swing low to the $27,499 high. Any more losses might call for a move toward the $25,550 support zone.<\/p>\n<figure id=\"attachment_79988\" aria-describedby=\"caption-attachment-79988\" class=\"wp-caption alignnone\"><a href=\"https:\/\/platoaistream.net\/wp-content\/uploads\/2023\/09\/bitcoin-price-analysis-btc-eyes-more-upsides-above-27500-live-bitcoin-news.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-79988\" src=\"https:\/\/platoaistream.net\/wp-content\/uploads\/2023\/09\/bitcoin-price-analysis-btc-eyes-more-upsides-above-27500-live-bitcoin-news.png\" alt=\"Bitcoin Price\" width=\"1024\" height=\"468\"><\/a><figcaption id=\"caption-attachment-79988\" class=\"wp-caption-text\">Bitcoin Price<\/figcaption><\/figure>\n<p>Looking at the <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/XBTUSD\/\">chart<\/a>, Bitcoin price is trading above $26,880 and the 55 simple moving average (4 hours). Overall, the price could continue to rise if it stays above the $26,200 support zone.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>4 hours MACD \u2013 The MACD is now losing momentum in the bullish zone.<\/p>\n<p>4 hours RSI (Relative Strength Index) \u2013 The RSI is now above the 50 level.<\/p>\n<p>Key Support Levels \u2013 $26,880 and $26,200.<\/p>\n<p>Key Resistance Levels \u2013 $27,500, $28,200, and $30,000.<\/p>\n<ul class=\"plato-post-bottom-links\">\n<li class=\"plato-post-bottom-link-amplifi\">SEO Powered Content &amp; PR Distribution. <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.amplifipr.com\">Get Amplified Today.<\/a><\/li>\n<li class=\"plato-post-bottom-link-platodata-network\">PlatoData.Network Vertical Generative Ai. Empower Yourself. <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/platodata.network\">Access Here.<\/a><\/li>\n<li class=\"plato-post-bottom-link-platoaistream\">PlatoAiStream. Web3 Intelligence. Knowledge Amplified. <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/platoaistream.com\">Access Here.<\/a><\/li>\n<li class=\"plato-post-bottom-link-platoesg\">PlatoESG. <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/platoesg.com\/aiwire\/carbon\/\">Carbon,<\/a> <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/platoesg.com\/aiwire\/cleantech\/\">CleanTech,<\/a> <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/platoesg.com\/aiwire\/energy\/\">Energy,<\/a> <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/platoesg.com\/aiwire\/environment\/\">Environment,<\/a> <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/platoesg.com\/aiwire\/solar\/\">Solar,<\/a> <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/platoesg.com\/aiwire\/waste-management\/\">Waste Management.<\/a> <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/platoesg.com\">Access Here.<\/a><\/li>\n<li class=\"plato-post-bottom-link-platohealth\">PlatoHealth. Biotech and Clinical Trials Intelligence. <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/platohealth.ai\">Access Here.<\/a><\/li>\n<li class=\"plato-post-bottom-link-source\"><span>Source:<\/span> <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.livebitcoinnews.com\/bitcoin-price-analysis-btc-eyes-more-upsides-above-27500\/\">https:\/\/www.livebitcoinnews.com\/bitcoin-price-analysis-btc-eyes-more-upsides-above-27500\/<\/a><\/li>\n<\/ul>\n","protected":false},"author":1,"featured_media":2281049,"template":"Default","meta":{"_eb_attr":"","type":"","auto_type":false,"post":"","stream":"","stream_url":"","waveform_data":[],"duration":0,"bpm":0,"downloadable":false,"download_url":"","purchase_title":"","purchase_url":"","post-count-all":0,"like_count":0,"download_count":0,"editor_note":"","copyright":"","captions":[]},"genre":[41],"artist":[15075],"mood":[],"activity":[],"station_tag":[38012,3758,51135,51838,52339,51188,51192,13775,40105,13335,51120,4045,18340,51050,48637,9254,48638,12341,3634,5811,3995,5739,29071,3685,469,470,51189,3886,32551,40050,3888,12833,23725,4000,52081,9162,3642,4304,40355,39858,26960,3772,48640,40167,13776,14819,3801,22372,12342,3650,51458,19265,3733,3695,3653,3805,3654,13568,4200,457,13273,15074,20790,14018,39916,53709,25370,3959,34144,12343,3659,10997,3706,10413,17917,4095,459,14094,51595,51124,48641,48642,51134,12145,52816,7457,8453,9642,10871,3665,461,53402,21472,10421,20883,23456,14866,21473,40178,51598,53721,5731,4461,29763,3714,3668,13751,12107,16560,3669,28581,50458,13215,28675,19267,40076,40387,3673,17576,25042,37175,21107,3984,4509,51130,48656,36520,48644,14555],"_links":{"self":[{"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/station\/2281048"}],"collection":[{"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/station"}],"about":[{"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/types\/station"}],"author":[{"embeddable":true,"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/media\/2281049"}],"wp:attachment":[{"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/media?parent=2281048"}],"wp:term":[{"taxonomy":"genre","embeddable":true,"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/genre?post=2281048"},{"taxonomy":"artist","embeddable":true,"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/artist?post=2281048"},{"taxonomy":"mood","embeddable":true,"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/mood?post=2281048"},{"taxonomy":"activity","embeddable":true,"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/activity?post=2281048"},{"taxonomy":"station_tag","embeddable":true,"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/station_tag?post=2281048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}