Bitcoin (BTC) Lower Timeframe Outlook: $26,800 Breakthrough Could Spark Rally

Bitcoin (BTC), the largest cryptocurrency in the market, made a fake attempt to breach the $27,500 barrier on Tuesday. Since then, it has been trading sideways, moving within a narrow channel. 
The 50-day Moving Average, which is the nearest resistance, is at $27,200. Meanwhile, the strongest support is at the 200-day MA, placed at $25,200. 
For Bitcoin to initiate a fully formed bull run in the market, it is essential to hold this support level, if BTC bulls expect another attempt to