June 20 (Cointime) - Bitcoin's price has surpassed the $26,500 resistance level and could gain momentum if it settles above the $27,200 and $27,500 resistance levels. The price is currently trading above $26,500 and the 100 hourly Simple moving average, with a key bullish trend line forming with support near $26,600.
However, if the price fails to clear the $27,200 resistance, it could continue to move down with immediate support near the $26,700 level. The main support is now near $26,250, below which the price might gain bearish momentum toward $25,750.
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