Bitcoin's price has risen by 1.01% to $27,159.74, surpassing the important support level at $27,000. The cryptocurrency has recovered from its losses over the past week due to bullish momentum. However, Rekt Capital, an on-chain analyst, believes that sustained growth requires Bitcoin to breach its key resistance level at $27,600.
The uncertainty surrounding the US government's debt default negotiations has also impacted Bitcoin's growth, with investors being cautious about investing in the industry. To plan for long-term investments, it is important to have clarity on these uncertainties, while Bitcoin's price may remain between the major support at $25,000 and the resistance level at $27,600.
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