Bitcoin\'s Path to $28,000: Is a Trendline Break the Key?
Is Bitcoin poised for a significant move? All eyes are on the key $28,000 level. At the moment, the BTC price has dropped below $28,000, and the bears are looking to push the price further down. The question is, can Bitcoin break free? Bitcoin is in a tug-of-war between buyers and sellers as it continuously fluctuates around the $28,000 level. So, what conditions need to be met to fuel a rally towards $28,000 and beyond?
Analyzing the charts, Bitcoin\'s price increase stalled last week, failing to close above $28,000, despite a previous bullish engulfing candlestick pattern. BTC currently trades within a range of... The cryptocurrency\'s current predicament is that the cryptocurrency’s current predicament, however, is that it appears stuck between the ascending trendline, which began at the $28,000 range, and the $30,000 price. A decisive break of this trendline could be the catalyst for a substantial upward movement. But what happens if it breaks down?
Recent market activity shows a complex picture. Last week, Bitcoin registered a strong upswing of ~9% after the asset briefly brushed its psychological $25,000 support. The battle is on. The selling pressure started to build up earlier this week when the BTC price struggled to maintain its momentum above key resistance levels.
So how will the clear signal appear, and when will it start? Let’s analyze with potential targets. If Bitcoin falters and if bitcoin’s price is able to break through the resistance at $25,000, it will have broken the nearest significant resistance for bears, and little resistance remains to keep it from reclaiming the...
Optimistic analysts point to underlying strength. One analyst suggests, “Bitcoin isn’t going any lower than $32,000 as long as the uptrend line continues to hold,” the analyst stated, putting the cryptocurrency’s potential upside target near the downtrend," but this is conditional on the trendline remaining intact. The recent bank bail-out has helped the price of bitcoin to break above $28,000 for the first time since June 2025. Cryptocurrency prices are likely rallying in the hope that recent... events provide a more stable economic outlook.