Can the rate of BTC return to the $27,000 mark by the end of the week? NickSzabo4 alistairmilne Maybemore_DC WhalePanda
If the daily candle closes above the interim mark of $26,900, the accumulated strength may be enough for a continued rise to the $27,000 zone.On the bigger time frame, the rate of Bitcoin has made a false breakout of the $26,541 level.
However, sellers' pressure remains relevant as the price could not return above the $27,000 area. If buyers cannot do that shortly, the decline may continue to $26,000 and below.From the midterm point of view, traders should pay attention to the bar closure. If it happens far from the level at $26,541, there is a chance to see a bounce back to the $27,000-$28,000 zone by the end of the month.
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