Bitcoin

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/btc-price-analysis-will-bitcoin-price-boost-to-28k-this-week/">BTC Price Analysis: Will Bitcoin Price Boost To $28K This Week?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Following the sharp downfall in August, Bitcoin price is back at the $25K level, leading to a couple of range breakouts. Moreover, last month was extremely silent as the trading volumes fell to the lowest in the last four years.&nbsp; 
With a death cross impending in the daily chart, BTC price action displays a relief rally attempt by bulls. However, the multiple bearish milestones in the 4-hour chart will be pivotal for Bitcoin.&nbsp; 
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<h2 id="is-bitcoin-bullish-in-4-hour" data-name="is-bitcoin-bullish-in-4-hour" class="wp-block-heading">Is Bitcoin Bullish in 4-Hour?&nbsp;</h2> 
Despite a range breakout with the high sentiments of Bitcoin ETF, BTC price failed to surpass the resistance trendline. This is partly due to the SEC delaying the ETF dates, leading to a hopium shortage.&nbsp; 
At present, Bitcoin price displays a similar breakout rally with a new bullish attempt to challenge the resistance trendline. Powered by the RSI divergence, the ongoing bounce back starts to display higher price rejection as it retests the bullish breakout.&nbsp; 
Technical indicators: 
RSI indicator: The RSI line displays a bullish divergence rally playing out, increasing the chances of the trendline breakout. 
EMAs: The 50 and 200-day EMA are on the verge of a death cross that might push the BTC price to even lower levels.&nbsp; 
<h2 id="will-bitcoin-price-reclaim-28k" data-name="will-bitcoin-price-reclaim-28k" class="wp-block-heading">Will Bitcoin Price Reclaim $28K?</h2> 
With the ongoing recovery rally in the 4-hour chart, Bitcoin price displays a short-term improvement, teasing a prolonged uptrend. However, the trendline breakout is necessary for Bitcoin to sustain the bullish momentum. A breakout rally will fuel the Bitcoin drive to the $28K before reaching the $30K mark. It will also delay the death cross possibility.&nbsp; 
On the flip side, a reversal from the resistance trendline will plunge Bitcoin back to the $25K mark. Nevertheless, it brings an opportunity for long-term holders to accumulate at lower levels.&nbsp;

BTC Price Analysis: Will Bitcoin Price Boost To $28K This Week?

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