For the past two or three days the price of Bitcoin (BTC) has brought joy among investors with a consecutive surge, surpassing the $ 28,000 level and staying above the 100 simple moving average (SMA100).
The new all-time high was recorded at $ 28,360 before Satoshi Nakamoto's asset price began to decline following the price correction, causing BTC to trade below $ 27,000.
Bitcoin prices are starting to show a recent spike above the $ 26,500 resistance.
At the time of writing, BTC trading value was recorded at $ 27,102, up 3.20% from a record low of $ 26,042.
The previous resistance was around the $ 27,275 level. A surge above the $ 27,275 resistance is likely to bring these assets to record prices of $ 28,000 and $ 28,400 in the near term.
However, if Bitcoin fails to cross the $ 27,275 resistance level, a lower price correction is expected. Previous support is around the $ 26,800 zone.
Key support levels are at between $ 26,500 and $ 26,000 where there is a greater risk of depreciation in the future.
