Bitcoin price has been in consolidation since failing to break the $28,800 resistance. BTC is currently facing a major resistance near $28,250 and the 100 hourly simple moving average. It should settle above the $28,250 resistance to start a strong increase towards $28,500 and $28,800. If the price fails to clear the $28,250 resistance, it could start another decline. In this case, the price may move below the $27,550 support and $26,500.
Alina Sanders
- 2023-04-07
Bitcoin Consolidation at Critical Resistance Level
Bitcoin price is currently facing a major resistance near $28,250 and the 100 hourly simple moving average. It needs to break the said resistance to start a strong increase towards $28,500 and $28,800.
