{"id":537308,"date":"2023-06-10T00:00:32","date_gmt":"2023-06-10T00:00:32","guid":{"rendered":"https:\/\/uniquehot.com\/?p=537308"},"modified":"2024-06-11T07:45:58","modified_gmt":"2024-06-11T07:45:58","slug":"bitcoin-btc-lower-timeframe-outlook-26800-breakthrough-could-spark-rally","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-btc-lower-timeframe-outlook-26800-breakthrough-could-spark-rally\/","title":{"rendered":"Bitcoin (BTC) Lower Timeframe Outlook: $26,800 Breakthrough Could Spark Rally"},"content":{"rendered":"
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.\u00a0<\/span><\/p>\n
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.\u00a0<\/span><\/p>\n
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.<\/span><\/p>\n