Hello dear friends!
Today, the BTC is holding its price increase well after surpassing the resistance level of 28,000. It is currently trading at around 28,475 USD.
On the upside, the immediate resistance level is near 28,550 USD. Additionally, there is a short-term narrowing triangle forming with resistance near 28,500 USD on the 1-hour chart.
The next important resistance level could be near 29,000 USD. A clear move above the 29,000 USD resistance zone could generate a larger upward momentum. The next important resistance level could be 29,500 USD.