Over the past 24 hours, Bitcoin has been trading within a sideways range, with a lower boundary around $27,000 and an upper boundary around $27,350.😀
A breakout from this range is anticipated to drive further price movement. On the upside, Bitcoin faces resistance around $27,600, and a potential target beyond that is around $28,000. 😋
Conversely, if Bitcoin breaks below the $27,000 level, the next support can be expected around $26,600.
Examining the leading technical indicators such as RSI and MACD, they suggest a neutral stance among investors, possibly waiting for a clear catalyst to determine the market direction.
In the event of a breach below $26,600, the next support level to watch is around $26,000.😬
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