Bitcoin Price Close Above $27,500 Could Spark Larger Degree Rally

NewsBTC
NewsBTC

20 Sep 2023 2:38 AM

Bitcoin price is eyeing a key upside break above the $27,500 resistance. BTC could rally further toward $28,200 if there is a close above $27,500....

  • Bitcoin price is aiming for a breakout above the $27,500 resistance level.
  • The price is currently trading above $26,850 and the 100 hourly Simple Moving Average.
  • A major bullish trend line is forming with support near $26,800.
  • If there is a clear move above $27,500, the price could rally further towards $28,200 and potentially even reach $30,000.

The article has a positive sentiment as it highlights the potential for Bitcoin to rally further if it breaks above the $27,500 resistance level.

Go to publisher site

You May Ask

What is the current resistance level that Bitcoin is facing?What is the support level near $26,800?What could happen if Bitcoin fails to break above the $27,500 resistance?What are the major resistance levels above $27,500?What are the technical indicators suggesting for Bitcoin's price movement?

Discover More

Bitcoincryptocurrencyprice analysisresistance levelbullish trend line.bitcoinbitcoin pricebtcusdBTCUSDTxbtusd

Suggested Reads