Bitcoin Price Analysis: Will BTC Break Resistance at $26,200?
The price of Bitcoin is currently hovering just above $25,500, with a potential resistance level at $26,200. Previous attempts to breach this mark have failed, resulting in pullbacks below $25,650. However, strong bullish support around $25,350 has managed to keep Bitcoin above $25,500.
Currently, BTC is trading below the $26,000 mark and the 100-hourly Simple Moving Average, facing a bearish trend line resistance near $25,950. The key resistance level to watch is at $26,200, and if Bitcoin manages to surpass this, it could signal a rally towards $26,750 or even $28,000.
On the downside, if $26,000 remains unconquered, there is support at $25,500 and $25,350. However, there is a risk of slipping towards $24,500 or $24,000.
Top 15 Cryptocurrencies to Watch in 2023
If you want to stay ahead in the world of digital assets, take a look at our carefully curated selection of the top 15 alternative cryptocurrencies and ICO projects to watch for in 2023. Stay updated and discover the potential of these digital assets.
Find The Best Price to Buy/Sell Cryptocurrency
Hot Take: Will Bitcoin Break Resistance and Enter a Bullish Trend?
The current Bitcoin price is hovering just above $25,500, facing resistance at $26,200. Previous attempts to break this resistance have failed, causing pullbacks. However, strong support at $25,350 has kept Bitcoin above $25,500. If Bitcoin breaks the $26,200 resistance, it could signal a rally towards $26,750 or even $28,000. On the downside, if $26,000 remains unconquered, there is a risk of slipping towards $24,500 or $24,000. Stay updated on the latest cryptocurrency news to see if Bitcoin can break resistance and enter a bullish trend.
By
By
By
By
By