Bitcoin price is slowly moving higher above $26,000. BTC is showing signs of recovery but is still struggling to clear the $26,500 resistance zone.
- Bitcoin is up 2% and trading above the $26,000 resistance zone.
- The price is trading well above $26,000 and the 100 hourly Simple moving average.
- There was a break above a key bearish trend line with resistance near $25,940 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could struggle to clear the $26,500 and $26,750 resistance levels.
Bitcoin Price Avoids Downside Break
Bitcoin price managed to stay above the $25,350 support zone. BTC bulls protected a major downside break and pushed the price above the $25,850 resistance.
There was a move above the $26,000 resistance zone. Besides, there was a break above a key bearish trend line with resistance near $25,940 on the hourly chart of the BTC/USD pair. The pair even climbed toward the $26,500 resistance zone where the bears appeared.Bitcoin is now trading well above $26,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $26,400 level. The first major resistance is near the $26,500 level. A proper close above the $26,500 level might start a decent increase.