BTC Analysis: Resistance and Breakout Potential

BTC witnessed a significant rally in early 2023, achieving an 80% increase at its year-to-date high. there has been a correction the BTC price remains up by over 60% at present.

In the shortterm, BTC is expected to face resistance between $27,500 to$28,500$$ It may then enter a challenging accumulation zone of $28,500 to $32,000. Overcoming this range is crucial for further upward move

market conditions and strict resistance levels at $26,500, $27,100 50day exponential moving average, and $28,500 pose obstacles to BTC's upward momentum.

If a breakout occurs, $30,000 level will serve as a support zone due to its psychological significance and alignment with a higher high,higher low pattern definitive breakout above $32,000 could potentially trigger a rally ranging from 12%t$o33%