Buyers are not giving up so easily, according to the CoinMarketCap ranking.
BTC/USD
The price of Bitcoin (BTC) has increased by 1.19% over the last day.
On the hourly chart, the price is positioned in the centre of the constrained channel that runs between the $27,491 support level and the $27,757 resistance level.
The breakout might result in a blast to the $27,900-$28,000 region tomorrow if closure occurs near the $27,700 threshold or higher.
The price of Bitcoin (BTC) has risen to the $27,000–$28,000 range where purchasers are most interested. There is a possibility of a further decline to the $26,000 region next week if sellers continue to exert pressure and the bar closes close to the support at $26,688.
On the weekly time frame, a similar circumstance exists. But, if a breakout occurs, the loss may be greater and result in a drop to the $24,500-$25,000 region. Up to mid-May, such a scenario is applicable.
As of press time, the price of one bitcoin is $27,713.
