##bitcoin #$BTC analysis

Current Price: Bitcoin is costing around 27,882. That's a stable price, but sellers had a hard time selling it when it reached 28,100.

Moving Averages: Bitcoin is above the price average of the last 200 days, which is a positive sign in the long term. Furthermore, the last 21-day and 50-day averages are about to cross, which could indicate an increase in price soon.

RSI (Relative Strength Index): The RSI is currently at 64, which means Bitcoin may be a little expensive right now. This suggests that there could be a price drop soon.

Support and Resistance: There are important levels to note. 28,100 is resistance, meaning the price had difficulty moving higher. 26,500 is a possible support, where the price can find support.

General Trend: It appears that Bitcoin is moving steadily but is in a decision phase. If buyers manage to overcome the 28,100 resistance, the price could move higher. If it falls below 26,500, there could be a decline.