At the Wall Street open on September 12, Bitcoin (BTC) attempted to hold and flip $26,000 as its price quickly recovered. The largest cryptocurrency is holding on to the bulk of its 24-hour gains, reaching 5.5% at one point, according to data from Cointelegraph Markets Pro and TradingView.

At the time of writing, $26,000 has been a major focus and has been pointed out as an important line for Bitcoin bulls to regain. However, it is important to note that it is above important resistances and the bulls will need to be strong to overcome these resistance levels.

Looking ahead to Q3 overall, QCP Capital noted that Bitcoin and cryptocurrencies are facing significant selling pressure. In addition to macroeconomic triggers such as the US Federal Reserve's interest rate decisions, there are also sector-specific obstacles.

QCP added that it expects a "bullish" trend for the remainder of the year and the beginning of 2024. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.#Bitcoin#crypto #investment