After gaining momentum, some coins have slipped back into the red zone, causing bulls to lose their advantage. Despite a 0.81% increase in the rate of Bitcoin (BTC) since yesterday, it has made a false breakout of the local resistance level at $26,269, potentially leading to a test of support at $25,826.
Bears may take control on the bigger time frame, with the daily candle about to close below the $26,000 zone, which could trigger a correction to the closest support level at $25,389. If the breakout of $25,389 occurs, there may be a more significant decline to the $24,500-$25,000 area. At present, Bitcoin is trading at $25,813.
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