{"id":23498,"date":"2023-09-18T14:22:33","date_gmt":"2023-09-18T14:22:33","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/btc-spikes-above-27k-as-link-leads-bounce\/"},"modified":"2023-09-18T14:22:33","modified_gmt":"2023-09-18T14:22:33","slug":"btc-spikes-above-27k-as-link-leads-bounce","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/btc-spikes-above-27k-as-link-leads-bounce\/","title":{"rendered":"BTC spikes above $27k as LINK leads bounce"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1671715926099-ca87449f-13dd-4d79-ab39-44f8ce3b8221-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1671715926099-ca87449f-13dd-4d79-ab39-44f8ce3b8221-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1671715926099-ca87449f-13dd-4d79-ab39-44f8ce3b8221-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1671715926099-ca87449f-13dd-4d79-ab39-44f8ce3b8221-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Bitcoin has broken above $26,300 for the first time since August 31.<\/li>\n<li dir=\"ltr\">With the gains, LINK is up more than 15% in the past week and hit $6.81.<\/li>\n<\/ul>\n<p dir=\"ltr\">Bitcoin is back above $27,300 for the first time since August 31, while <a href=\"https:\/\/coinjournal.net\/chainlink\/\">Chainlink<\/a> (LINK) is leading the top 20 cryptocurrencies by market cap as its price bounces to above $6.80. Elsewhere, top altcoin Ethereum has hit highs above $1,670 as the mega caps gain ahead of a likely pivotal week for sentiment across risk asset markets.<\/p>\n<h2 dir=\"ltr\">Can Bitcoin price break higher?<\/h2>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/news\/tag\/btc\/\">BTC<\/a> breaking higher on Monday sees the benchmark cryptocurrency rekindle a little positivity for bulls. With intraday highs near $27.4k, crypto analysts have noted the potential for a retest of a critical level and the invalidation of a double-top pattern.<\/p>\n<p dir=\"ltr\">While the price may reject at the immediate resistance and fail to consolidate above the 200-week MA, the opposite outlook is a decisive breakout that turns the hurdle into a support. The upside perspective would be crucial after BTC <a href=\"https:\/\/twitter.com\/rektcapital\/status\/1697537845697577454\" rel=\"noopener noreferrer\" target=\"_blank\"><u>signaled<\/u><\/a> the Death Cross on the daily chart and saw a bearish monthly close candle as price stayed below $27k.<\/p>\n<p dir=\"ltr\">If price moves higher, a rally to $28,200 could open it up for a retest of the psychological $30k level. On the downside, rejection would mean a retest of $25k area before rebounding.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> has reached the ~$27100 (black)<\/p>\n<p>Could BTC upside wick beyond here?<\/p>\n<p>We&#8217;ve seen upside wicks beyond a recently lost support many times before over the past year or so, some upside wicks as +8% long<a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/t.co\/rkRsoC1ILt\">https:\/\/t.co\/rkRsoC1ILt<\/a> <a href=\"https:\/\/t.co\/qjDW97oy9E\">pic.twitter.com\/qjDW97oy9E<\/a><\/p>\n<p>\u2014 Rekt Capital (@rektcapital) <a href=\"https:\/\/twitter.com\/rektcapital\/status\/1703763222187167964?ref_src=twsrc%5Etfw\">September 18, 2023<\/a><\/p>\n<\/blockquote>\n<h2 dir=\"ltr\">LINK price up<\/h2>\n<p dir=\"ltr\">Chainlink has been today\u2019s biggest gainer so far, jumping nearly double-digits as intraday price reached highs of $6.81across major crypto exchanges. The breakout has been helped by the bullish push above the $6.40 area and comes after LINK revisited the $5.50 zone.<\/p>\n<p dir=\"ltr\">If prices continue to rise, LINK\/USD might add to the weekly gains of more than 15% with a push towards $8.00. Crypto analyst Michael van de Poppe <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1703754873236271479\" rel=\"noopener noreferrer\" target=\"_blank\">sees<\/a> this as the likely trajectory.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Request 1 \u2013 <a href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LINK<\/a><\/p>\n<p>This one is showing upwards momentum and I think that the bottom is in. <\/p>\n<p>Retests are ready to be bought. If we get $6.15-6.40 retest, that&#8217;s an entry towards $8. <a href=\"https:\/\/t.co\/1nqCroCKzp\">pic.twitter.com\/1nqCroCKzp<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1703754873236271479?ref_src=twsrc%5Etfw\">September 18, 2023<\/a><\/p>\n<\/blockquote>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/btc-touches-27-3k-as-chainlink-leads-crypto-bounce\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Bitcoin has broken above $26,300 for the first time since August 31. With the gains, LINK is up more than 15% in the past week and hit $6.81. Bitcoin is back above $27,300 for the first time since August 31, while Chainlink (LINK) [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":23499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23498"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23498"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23498\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23499"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}