June 19 (Cointime) - Bitcoin has surpassed the $26,000 resistance level and could continue to rise if it clears the $26,800 zone. The cryptocurrency has experienced a recovery wave and is trading above $26,000 and the 100 hourly Simple moving average.

However, there is a key bearish trend line forming with resistance near $26,200 on the hourly chart of the BTC/USD pair. If Bitcoin fails to clear the $26,800 resistance, it could start a downside correction with immediate support near the $26,300 level.