Bitcoin price is holding support near $26,750. BTC might start a fresh increase if there is a clear move above the $27,550 resistance zone.
Bitcoin is holding the key support at $26,750 and $26,600. The price is trading above $26,800 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance near $27,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above $26,750 and the 100 hourly SMA. Bitcoin Price Aims Higher
Bitcoin price started a minor downside correction after it failed to clear the $27,700 and $27,800 resistance levels. BTC formed a high near $27,677 before it corrected lower.
There
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!