Bitcoin unlikely to break 27,000 and stay above.
According to our analysis, there is a possibility of Bitcoin testing the $27,000 mark and then experiencing a drop to $22,000. However, the $22,000 level is considered a strong weekly pivot, and it is likely that demand for Bitcoin will be found at this level. If such a scenario plays out, it could potentially initiate a bull run for Bitcoin, with the first leg of the run reaching $35,000.
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