Bitcoin is facing difficulty in surpassing the $27,500 resistance level, but may attempt another increase if it remains above the $27,000 support level. Despite trading above $27,000 and the 100 hourly Simple moving average, the cryptocurrency has struggled to gain momentum above the $27,400 and $27,500 levels. However, a break above a major bearish trend line with resistance near $27,140 on the hourly chart of the BTC/USD pair could signal a fresh increase if it stays above the $27,000 pivot level. Immediate support on the downside is near the $27,000 level and the 100 hourly Simple moving average, while the next major support is near the $26,850 zone.
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