Bitcoin's price remains stable at around $26,000 after failing to break resistance at $27,000 last week. There are signs of a potential breakout approaching, with the Bollinger bands indicator squeezing on the four-hour chart. However, there are concerns that the breakout could start bearish, potentially dropping below $25,000 before resuming an uptrend.
Despite this, larger volume holders are showing confidence in Bitcoin, and a recovery is expected to occur soon. Traders should prepare for potential hurdles at the 50-day, 100-day, and 200-day Exponential Moving Averages.
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