The Bitcoin price is currently showing bearish signs below the $28,000 resistance zone and is trading below $27,800 and the 100-hourly Simple Moving Average. A connecting bearish trend line forms with resistance near $27,650 on the hourly chart of the BTC/USD pair, and immediate resistance is near the $27,650 level and the trend line. The next major resistance sits near the $28,000 zone, and a close above it could start a decent increase. On the downside, immediate support is near the $27,100 level, followed by $27,000, and any more losses could take Bitcoin toward $26,500 and $26,000. The hourly MACD is gaining pace in the bearish zone, and the RSI for BTC/USD is below the 50 level. (newsbtc)
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