Bitcoin’s Potential Recovery and Resistance at $26,500
Bitcoin is currently experiencing a cautious rise, with its value hovering above $26,000. While there are signs of potential recovery, it still faces a challenge at the resistance level of $26,500.
In recent times, BTC’s trajectory has surpassed a significant bearish trend and is now navigating through the resistance zones. Key markers to watch out for are at $26,400 and $26,500.
If Bitcoin can consistently hold above $26,500, it may pave the way for a substantial upward movement, with the potential to reach levels as high as $28,000.
Downward Correction and Immediate Support Levels
However, if the coin struggles to break through the $26,500 resistance, a downward correction is possible. Immediate support levels to monitor are at $26,100 and $26,000.
If Bitcoin breaches these support levels, it could intensify selling pressures, potentially pushing the price towards $25,500 or even $25,350.
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