The price of Bitcoin rallied in the short term and now is located at 28,666 at the time of writing. It has increased by 2.76% from 28,138 intraday low to 28,916 today's high. The rally helped the altcoins to jump higher as well.
In the short term, the upside pressure remains high, so further growth could be natural. In the last 24 hours, the crypto is up by 0.82% and by 7.71%.
BTC/USD Imminent Breakout!
In the short term, it's trapped between 28,142 and 28,821 levels. Technically, the range pattern is seen as a bullish formation.
The median line (ml) represents a dynamic resistance. Staying near this obstacle may announce an imminent breakout.
BTC/USD Outlook!
A new higher high, a valid breakout above the median line (ml) and above 28,821 is seen as a long opportunity.
