Daily Price Outlook
- Bitcoin is rebounding from the $25,400 level and currently trading around $26,900.
- Resistance is observed around the $27,350 level, indicating increased selling pressure and potential dominance by sellers in the market.
- Breaking through the $27,350 level is crucial for Bitcoin to maintain upward momentum.
Bitcoin is currently rebounding from $25,400 and trading around $26,900. It faces resistance at $27,350, indicating increasing selling pressure.
Technical indicators show divergence, with bullish territory suggesting buying pressure. Breaking through $27,350 is crucial for upward momentum.
Immediate support is around $26,600, with potential decline to $26,175 and $25,400. Breaking $27,350 could target $28,000 and $28,400. Monitoring $27,350 is important for traders.
BTC/USD Price Chart - Source: Tradingview
BTC/USD - Trade Idea
Entry Price – Buy Stop 27450
Stop Loss – 26656
Take Profit – 28293
Risk to Reward – 1 : 1
Profit & Loss Per Standard Lot = +$843/ -$794
Profit & Loss Per Micro Lot = +$84/ -$79
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