At present, Bitcoin is trading with a bearish bias, hovering near the $27,200 level. The bulls need to gather strength and push the price above the $27,650 and $28,000 resistance zone in order to start a decent recovery. A successful close above the $28,000 zone could open the doors for further gains.
On the other hand, if Bitcoin fails to climb above $27,650 or $28,000, it is likely to resume its decline. The next major support is near the $26,500 level, beneath which the bears are likely to aim the $26,000 support in the coming sessions.
Heidi Martin
- 2023-04-25
Bitcoin Facing Difficulty Above $27,650
Bitcoin is currently trading with a bearish bias, hovering near the $27,200 level. For Bitcoin to start a decent recovery, it needs to climb above the $27,650 and $28,000 resistance zone. If Bitcoin fails, the bears are targeting $26,500 or $26,000 support.
