Bitcoin Price Is Primed For Rally And Only 1 Thing is Holding it Back

Bitcoin Price Is Primed For Rally And Only 1 Thing is Holding it Back

Bitcoin price is moving higher above the $26,200 resistance. BTC could gain bullish momentum if there is a daily close above the $26,500 resistance.


  • Bitcoin is showing a few positive signs above the $26,200 level.

  • The price is trading above $26,000 and the 100 hourly Simple moving average.

  • There is a connecting bullish trend line forming with support near $26,050 on the hourly chart of the BTC/USD pair (data feed from Kraken).

  • The pair could start a fresh rally if there is a close above $26,500 and then a move above $27,000.

  • Bitcoin Price Eyes Upside Break


    Bitcoin price remained well-bid above the $25,500 support zone. BTC formed a base and recently started a fresh increase above the $26,000 resistance zone.


    There was a sharp spike above the $26,500 resistance zone. However, there was no close above the $26,500 resistance zone. The price traded as high as $27,212 and there was a nasty bearish reaction. The price reversed ..

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