Bitcoin recovered a slight 0.21% in the last 24 hours. If BTC fails to break the nearest $26,300 resistance, it will fall below $25,000. Bitcoin (BTC), the world’s largest cryptocurrency, has shown a sharp decline in recent weeks. Additionally, BTC is struggling to maintain its position near the $26,000 mark. While investors are waiting for BTC to rise, it has fallen below $26,000. On the other hand, Bitcoin experienced the highest address activity in the last 30 days. Crypto market analyzer Santiment just announced the top 10 by highest address activity. According to the report, BTC has the most active wallet activity with 963,64,000 active wallets. However, Bitcoin’s recent price action has sent shockwaves through the crypto market. The price of Bitcoin (BTC) continues to fall Bitcoin traded back above $26,000, recovering slightly over the past 24 hours. At the time of writing, BTC is trading at $26,063, up 0.21% in the last 24 hours. However, BTC’s daily trading volume fell by 7.04 percent, according to CoinMarketCap. The daily price chart shows that BTC is in a downtrend as the current price is below the 50-day exponential moving average (50 EMA). Additionally, BTC is in oversold territory according to the RSI indicator as the RSI level remains at 25.55. Even after Bitcoin showed a slight recovery, the bears braked and dragged down the price. The trading price of Bitcoin has fluctuated between $25,000 and $26,000 and is trying to break this momentum. If Bitcoin experiences growth, it will reach the nearest resistance level at $26,300, according to TradingView. If the trend continues, the price of the transaction will cross the $26,500,000 mark and even cross the $27,000 mark. On the other hand, another decline could begin if BTC fails to break the nearest $26,500 resistance. Moreover, if the downward momentum continues, it will fall below the $25,000 support level.
