Bitcoin price peeped above the $24,000 price level after falling from the $25,000 mark few trading sessions ago.
Bitcoin price had formed higher highs and high lows which are an indication of bullishness on the chart.
For Bitcoin price to hold onto present price momentum, a continued buying strength will prove necessary.
With consistent buying strength, Bitcoin will experience a tough resistance at the $27,000 level.
The Moving Average Convergence Divergence points towards the current price momentum and reversals in the same.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.