Bitcoin Price Looks Set To Start Recovery Toward $27K, Here’s Why
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Bitcoin price is forming a base above the $25,500 support. BTC could start a fresh increase if it clears the key $26,200 resistance zone in the near term. Bitcoin is holding the key $25,500 support zone and consolidating. The price is trading above $26,000 and the 100 hourly Simple moving average. There is a major rising channel forming with support near $25,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a recovery wave if there is a move above the $26,200 resistance. Bitcoin Price Could Soon Recover Bitcoin price is still trading
Bitcoin price is moving higher above the $26,000 resistance. BTC could continue to rise if there is a clear move above the $26,800 zone. Bitcoin started a recovery wave above the $26,000 resistance. The price is trading above $26,000 and the 100 hourly Simple moving average. There is a key…
Bitcoin price attempted a fresh increase above the $26,500 resistance. However, BTC failed to settle above $26,700 and reacted to the downside. Bitcoin is still struggling to clear $26,500 and $26,700. The price is trading above $26,200 and the 100 hourly Simple moving average. There is a connecting bullish trend…
Bitcoin price is struggling to recover above $26,500. BTC is clearly struggling and there is a risk of a downside break in the near term. Bitcoin is facing a lot of hurdles above the $26,200 resistance zone. The price is trading well below $26,000 and the 100 hourly Simple moving…