Bitcoin price is in a critical zone and its reaction in the coming days will determine the direction of the market in the coming weeks. The price broke the 50-day moving average at 26K on the daily time frame and surpassed the $27,500 resistance level. However, the 200-day moving average was rejected at 28K and the price retreated to the $27,500 level. If this level holds and the market breaks through the 200-day moving average, a rally to 30K and beyond is possible. Otherwise, there could be a potential decline towards the 20K support zone. 📈📉

There are two possible scenarios for Bitcoin in the coming weeks: BTC price analysis.