Bitcoin has reclaimed the 27,000 level and is currently trading between $26,766.10 and 27,646.35. The critical resistance for BTC is at 28,000, and a break above this level could indicate further upside. However, if Bitcoin fails to stay above 27,000 support and drops below 26,800 or even 25,200, it could turn bearish in the short term. The bulls are currently in control of the market, and there seems to be a lot of buying pressure after Bitcoin broke above $27,000 on Sunday. The market volatility is expected to continue as traders anticipate further price action.
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Bitcoin Price Analysis: Bulls Gain Upper Hand as BTC Reclaims $27,000 Level
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