Bitcoin's price analysis reveals that it has bounced off the key support level of $25,500 and broken past the $26,500 resistance, reaching an intraday high of $26,989.07. Investors anticipate a rally to $27,000-$28,000 in the next few days, with a break past these levels leading to higher highs. The daily chart shows that BTC/USD is still in an uptrend, with support at the $25,500 and $26,000 levels. Bulls must defend these levels to maintain the uptrend and prevent deeper price corrections. Technical indicators on the daily chart are currently bearish, with the Relative Strength Index at 37.87 and MACD bearish. The 4-hour chart shows a bullish crossover underway between the 9-day and 21-day exponential moving averages, which could signal further upside in the pair if key support levels are defended. Market sentiment is bullish as investors anticipate a break past the $28,000 resistance, but further corrections are likely if the bears push prices lower than the support levels mentioned above.
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