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 is showing positive signs and facing hurdles near $27,500. The price is trading above $26,850 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support near $26,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally further if there is a clear move above the $27,500 resistance. Bitcoin Price Eyes More Upsides
Bitcoin price started another increase above the $26,800 resistance zone. BTC remained well-bid and even settled above the $27,000 pivot level.
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However, the bears are still active near the $27,500 zone.
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