{"id":29170,"date":"2023-09-25T13:23:18","date_gmt":"2023-09-25T13:23:18","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/09\/25\/bitcoin-price-prediction-hangs-onto-26000-support\/"},"modified":"2023-09-25T13:23:18","modified_gmt":"2023-09-25T13:23:18","slug":"bitcoin-price-prediction-hangs-onto-26000-support","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/09\/25\/bitcoin-price-prediction-hangs-onto-26000-support\/","title":{"rendered":"Bitcoin Price Prediction: Hangs Onto $26,000 Support"},"content":{"rendered":"

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A sideways pattern has taken over the crypto market, particularly for distinguished cryptos like Bitcoin (BTC) and\u00a0Ethereum (ETH)<\/a>.<\/p>\n

Following final week\u2019s rejection from highs above $25,000,\u00a0Bitcoin price has struggled to stay above $26,000 support<\/a>. This comparatively trendless market could be attributed to the shortage of liquidity and disinterest from retail buyers who worry having to capitulate if declines rally beneath $25,000 assist.<\/p>\n

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The Bullish Outlook In Bitcoin Price<\/h2>\n

The day by day chart exhibits the formation of a rectangle sample more likely to validate a bullish breakout to $37,746. However, with the market construction nonetheless weak, one other minor deep to substantiate assist of $25,000 and acquire liquidity is required earlier than the rectangle breakout.<\/p>\n

The 200-week Exponential Moving Average (EMA) (purple) is in line at $56,606 to soak up many of the promoting strain and restrict the necessity for\u00a0Bitcoin price<\/a>\u00a0to stretch the down leg decrease beneath $25,000.<\/p>\n

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