Bitcoin (BTC), the largest cryptocurrency in the market, made a fake attempt to breach the $27,500 barrier on Tuesday. Since then, it has been trading sideways, moving within a narrow channel. The 50-day Moving Average, which is the nearest resistance, is at $27,200. Meanwhile, the strongest support is at the 200-day MA, placed at $25,200. For Bitcoin to initiate a fully formed bull run in the market, it is essential to hold this support level, if BTC bulls expect another attempt to breach the $30,000 mark and propel the market in full force, the $25,200 support level is crucial, and it needs to be held to achieve this goal. Related Reading: Here’s How Current Bitcoin Capitulation Compares With Past Crashes XRP And LTC Poised For Breakouts As Bitcoin Eyes $28,000 The lower timeframe picture for Bitcoin is straightforward, according to cryptocurrency analyst Michael Van de Poppe. He believes that for BTC to continue its upward trend, it needs to break through the $26,800 level. If that level is breached and flipped, Van de Poppe predicts that $27,500 is a likely next target, with ..
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 Lower Timeframe Outlook: $26,800 Breakthrough Could Spark Rally){kind=link}