Bitcoin Price Relatively Muted, What Are Chances of Recovery?
Bitcoin price is stuck in a tiny range above the $25,900 support. BTC could start a decent increase if there is a close above $26,200 and then $26,500.
Bitcoin is struggling to clear the $26,500 resistance zone.
The price is trading below $26,200 and the 100 hourly Simple moving average.
There is a connecting bearish trend line forming with resistance near $26,070 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could attempt a fresh increase if it clears $26,150 and $26,200.
