Bitcoin began today's trading session on a positive note, hovering around $26,944.04 and showing support from the 20-day exponential moving average (EMA) which remained above $26,000 for most of yesterday's session. The cryptocurrency is currently hovering near the $27,000 resistance level, with bulls hoping for a breakout to push it towards its next target of $28,000. However, Bitcoin has struggled to break past the $27,000 resistance level, with the 50-day simple moving average (SMA) and the 200-day SMA line remaining above the 20-day EMA line. Despite this, Bitcoin is still in a strong uptrend and could see an upsurge soon if buyers manage to break past the resistance level.
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