Bitcoin's price has been steadily declining over the past week, but the bearish momentum is not as strong as anticipated, and there are multiple support levels available for the market to rely on. Technical analysis shows that the daily chart indicates a potential bullish pullback to the broken moving average, but the price could still drop to the $25K static support level before rising again. The 4-hour chart suggests that BTC may test the $25K zone soon, but a retest of the $27,500 level is possible in the short term due to a clear bullish divergence. However, the Bitcoin network's increasing activity and popularity of BRC-20 tokens have resulted in higher transaction fees, affecting all participants and requiring additional caution in BTC trading.
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