Bitcoin price recovers but lacks momentum.

The price of Bitcoin has risen above the resistance level of $26,500. If it continues to settle above the resistance levels of $27,200 and $27,500, it could gain bullish momentum. Bitcoin is slowly moving higher and trading above the $26,500 resistance level and the 100 hourly Simple moving average. A key bullish trend line is forming with support near $26,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). If it clears the resistance levels of $27,200 and $27,500, it could rise further. The price of Bitcoin managed to settle above the $26,000 resistance zone and climbed higher above the $26,200 and $26,500 resistance levels. It spiked above the $27,000 level, but there was a lack of bullish momentum and the price is now correcting gains. The price is currently trading above $26,500 and the 100 hourly Simple moving average, and a key bullish trend line is forming with support near $26,600 on the hourly chart of the BTC/USD pair. The price is facing resistance near the $27,200 level, and the next major resistance is near the $27,500 level. If it fails to clear the $27,200 resistance, it could continue to move down. Immediate support on the downside is near the $26,700 level. The next major support is near the $26,600 level and the trend line. Technical indicators include the hourly MACD and RSI (Relative Strength Index). Major support levels are at $26,600, followed by $26,250, while major resistance levels are at $27,200, $27,500, and $28,500.