Bitcoin Price Eyes Fresh Increase

Bitcoin price tried to settle above the $26,500

resistance level. However, BTC failed to stay above $26,500 and started a fresh decline.

There was a move below the $26,250 pivot level.

".The price declined below the 50% Fib retracement level of the upward move from the $25,360 swing low to the $26,780 high. It seems like the price is now stuck in a tiny range above the $25,900

support zone.

Bitcoin is now trading below $26,200 and the 100 hourly Simple moving average. There is also a connecting bearish trend line forming with resistance near $26,070 on the hourly chart of the BTC/USD pair.

On the upside, immediate resistance is near the $26,100 level, the trend line, and the 100 hourly Simple moving average.#BTC #ETH #BNB #cryptocurrency #crypto2023