Bitcoin Bulls Keep Pushing And Its Good Signs of A Fresh Rally

Sep 15, 2023 04:00 am Cryptocurrency 140

Bitcoin price is holding gains above the $26,200 zone. BTC seems to be forming a base for a fresh increase above $26,850 in the coming sessions.

Bitcoin is eyeing a key upside break above the $26,850 level.

The price is trading above $26,100 and the 100 hourly Simple moving average.

There is a key bullish trend line forming with support near $26,300 on the hourly chart of the BTC/USD pair (data feed from Kraken).

The pair seems to be setting up for a fresh rally above the $26,850 resistance.

Bitcoin Price Could Rally Above $27K

Bitcoin price started a decent increase above the $26,000 resistance zone. BTC remained well-bid above the Fib retracement level of the upward move from the $24,925 swing low to the $27,212 high.

There was a close above the $26,500 resistance zone. However, the bears seem to be protecting an upside break above the $26,850 resistance. The recent high was formed near $26,833 before ..

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